Atlantic Union Bankshares Corp (AUB): M&A transaction — Atlantic Union completes $507M acquisition of American National Bankshares

Atlantic Union Bankshares Corp

AMNB shareholders receive 1.35 AUB shares per share; aggregate value ~$507M based on $35.31 AUB close.
Pro forma assets $24.3B, deposits $19.4B, loans $17.9B as of Dec 31, 2023.
Presence expanded in Central, Western, Southern VA; entry into NC Piedmont Triad and Raleigh.
Nancy Howell Agee and Joel R. Shepherd appointed to boards of Atlantic Union and subsidiary bank.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joel R. Shepherd

director

AUB · Atlantic Union Bankshares Corp

Filed: April 1, 2024, 7:59 PM ET

the Atlantic Union board of directors (the “Board”) increased its size to 16 directors and appointed each of Nancy Howell Agee and Joel R. Shepherd to join the Board, effective as of the Effective Time

Appointed

Nancy Howell Agee

director

AUB · Atlantic Union Bankshares Corp

Filed: April 1, 2024, 7:59 PM ET

the Atlantic Union board of directors (the “Board”) increased its size to 16 directors and appointed each of Nancy Howell Agee and Joel R. Shepherd to join the Board, effective as of the Effective Time

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joel R. Shepherd was appointed as director at Atlantic Union Bankshares Corp.

Action: appointed
Role: director

Exact text from the filing

the Atlantic Union board of directors (the “Board”) increased its size to 16 directors and appointed each of Nancy Howell Agee and Joel R. Shepherd to join the Board, effective as of the Effective Time

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nancy Howell Agee was appointed as director at Atlantic Union Bankshares Corp.

Action: appointed
Role: director

Exact text from the filing

the Atlantic Union board of directors (the “Board”) increased its size to 16 directors and appointed each of Nancy Howell Agee and Joel R. Shepherd to join the Board, effective as of the Effective Time

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Atlantic Union Bankshares Corp completed an acquisition involving American National Bankshares Inc. for approximately $507 million (closed 2024-04-01).

Action: acquisition
Counterparty: American National Bankshares Inc.
Consideration: approximately $507 million
Closing: 2024-04-01

Exact text from the filing

in lieu of fractional shares. Based on the closing price of Atlantic Union common stock of $35.31 on Thursday, March 28, 2024, the aggregate transaction value was approximately $507 million. “We are excited to have the American National team officially join Atlantic Union Bank,” said John C. Asbury, president and CEO of Atlantic Union. “Together, our banks have more

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Atlantic Union Bankshares Corp filing history →

Source: SEC EDGAR

accession 0000883948-24-000038

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