---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-083643"
form_type: "8-K"
ticker: "AUB"
cik: "0000883948"
company_name: "Atlantic Union Bankshares Corp"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:46:28.170686+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 Bankshares to acquire American National in all-stock merger at 1.35x exchange ratio

## Summary
- Each AMNB share converts to 1.35 AUB shares; cash paid for fractional shares.
- Two American National directors (Nancy Howell Agee, Joel R. Shepherd) to join AUB board post-close.
- Termination fee of $17.2M payable by American National under certain conditions.
- Directors and officers holding ~3.05% of AMNB shares sign affiliate agreements to vote in favor.
- Closing subject to AMNB shareholder vote, regulatory approvals, and customary conditions.

## SEC filing metadata
- accession: 0001104659-23-083643
- form_type: 8-K
- ticker: AUB
- cik: 0000883948
- company_name: Atlantic Union Bankshares Corp
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883948/000110465923083643/0001104659-23-083643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883948/000110465923083643/tm2321870d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-083643
- JSON: https://secwatch.observer/filing/0001104659-23-083643.json
- Plain text: https://secwatch.observer/filing/0001104659-23-083643.txt

## Key facts
- Material Agreements
  Atlantic Union Bankshares Corp entered into Agreement and Plan of Merger with American National Bankshares Inc. (effective 2023-07-24).
  - Action: entry
  - Agreement: merger
  - Counterparty: American National Bankshares Inc.
  - Effective: 2023-07-24
  source text: On July 24, 2023, Atlantic Union Bankshares Corporation (“Atlantic Union”), a Virginia corporation, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with American National Bankshares Inc. (“American National”), a Virginia corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/883948/000110465923083643/0001104659-23-083643-index.htm

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