M&A Deal Summary |
|
|---|---|
| Date | 2017-10-26 |
| Target | Xenith Bankshares |
| Sector | Financial Services |
| Buyer(s) | Atlantic Union Bank |
| Sellers(s) | Hampton Roads Bankshares |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1902 |
| Sector | Financial Services |
| Employees | 1,877 |
| Revenue | 696M USD (2022) |
Atlantic Union Bank is the holding company for Atlantic Union Bank. Atlantic Union Bank has 149 branches and approximately 170 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Middleburg Financial is a brand name used by Atlantic Union Bank and certain affiliates when providing trust, wealth management, private banking, and investment advisory products and services. Certain non-bank affiliates of Atlantic Union Bank include: Old Dominion Capital Management, Inc., and its subsidiary, Outfitter Advisors, Ltd., Dixon, Hubard, Feinour & Brown, Inc., and Middleburg Investment Services, LLC, which provide investment advisory and/or brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products. Atlantic Union Bank was incorporated in 1902 and is based in Richmond, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 2 of 4 |
| Type (Divestiture) | 1 of 1 |
| State (Virginia) | 1 of 3 |
| Country (United States) | 2 of 4 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-01 |
StellarOne
Charlottesville, Vermont, United States StellarOne Corp. provides financial services in US. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-05 |
Access National
Reston, Virginia, United States Access National Corp. is a commercial bank serving middle market businesses and associated professionals throughout the Washington D.C. region. Access National Bank’s core services include commercial credit, deposit, investment, cash management, private banking and real estate finance. Access National Bank also has subsidiaries that provide wealth management, retirement planning and securities brokerage. |
Buy | $610M |
| Category | Company |
|---|---|
| Founded | 1961 |
| Sector | Financial Services |
| Employees | 510 |
| Revenue | 106M USD (2015) |
Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-10 |
Xenith Bankshares
Richmond, Virginia, United States Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia. |
Buy | $107M |
