regulatory
confidence high
sentiment positive
materiality 0.75
Atlantic Union receives Federal Reserve approval for Sandy Spring merger; special meetings set for Feb 5
Atlantic Union Bankshares Corp
- Federal Reserve Bank of Richmond approved the all-stock merger of Sandy Spring into Atlantic Union.
- Mergers remain subject to Virginia Bureau of Financial Institutions and Maryland Office of Financial Regulation approvals.
- Shareholder votes for both companies scheduled for February 5, 2025.
- Bank merger of Sandy Spring Bank into Atlantic Union Bank will follow the holding company merger.