m_and_a
confidence high
sentiment positive
materiality 0.70
Atlantic Union Bankshares sells Bearing Insurance Group, expects $32.3M pre-tax gain
Atlantic Union Bankshares Corp
- Sale of indirect subsidiary Union Insurance Group's interest in Bearing Insurance Group, LLC completed May 1, 2026.
- Buyer is an unaffiliated third party; specific counterparty not disclosed.
- Estimated pre-tax gain of approximately $32.3 million to be recognized in Q2 2026.
- Transaction reflects strategic divestiture of insurance brokerage interest.
item 8.01