M&A
confidence high
sentiment positive
materiality 0.85
Atlantic Union shareholders approve merger with Sandy Spring; regulatory approvals received; closing April 1, 2025
Atlantic Union Bankshares Corp
- Shareholder vote: 67,439,091 for, 2,400,633 against, 87,269 abstentions; merger proposal approved.
- All required bank regulatory approvals for the merger have been received.
- Merger expected to close on or about April 1, 2025, subject to customary conditions.
- Combined company will have #1 regional depository market share in Virginia and Maryland.
- John C. Asbury (AUB) and Daniel J. Schrider (SASR) commented on the milestone and expected benefits.