---
schema_version: "secwatch.filing_event.v1"
accession: "0000883948-24-000038"
form_type: "8-K"
ticker: "AUB"
cik: "0000883948"
company_name: "Atlantic Union Bankshares Corp"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:06:40.555260+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Atlantic Union completes $507M acquisition of American National Bankshares

## Summary
- 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.

## SEC filing metadata
- accession: 0000883948-24-000038
- form_type: 8-K
- ticker: AUB
- cik: 0000883948
- company_name: Atlantic Union Bankshares Corp
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/0000883948-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/aub-20240401x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883948-24-000038
- JSON: https://secwatch.observer/filing/0000883948-24-000038.json
- Plain text: https://secwatch.observer/filing/0000883948-24-000038.txt

## Key facts
- Executive change
  Joel R. Shepherd was appointed as director at Atlantic Union Bankshares Corp.
  - Action: appointed
  - Role: director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/0000883948-24-000038-index.htm
- Executive change
  Nancy Howell Agee was appointed as director at Atlantic Union Bankshares Corp.
  - Action: appointed
  - Role: director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/0000883948-24-000038-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/0000883948-24-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.