secwatch.observer — SEC 8-K summary
======================================

Issuer:     Atlantic Union Bankshares Corp (AUB)
CIK:        0000883948
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000883948-24-000038
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/0000883948-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883948/000088394824000038/aub-20240401x8k.htm
  HTML page:      https://secwatch.observer/filing/0000883948-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer