M&A Deal Summary

Atlantic Union Bank Acquires American National

On April 1, 2024, Atlantic Union Bank acquired financial services company American National

Acquisition Highlights
  • This is Atlantic Union Bank’s 4th transaction in the Financial Services sector.
  • This is Atlantic Union Bank’s 4th transaction in the United States.
  • This is Atlantic Union Bank’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2024-04-01
Target American National
Sector Financial Services
Buyer(s) Atlantic Union Bank
Deal Type Add-on Acquisition

Target

American National

Danville, Virginia, United States
American National provides financial services including savings, round-up savings, digital solutions, mortgages, personal loans, treasury management, loans & lines of credit, commercial insurance, title insurance, asset management services, trust services, and investment services. American National was formed in 1909 and is based in Danville, Virginia.

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Buyer(S) 1

Buyer

Atlantic Union Bank

Glen Allen, Virginia, United States
Category Company
Founded 1902
Sector Financial Services
Employees1,745
Revenue 696M USD (2023)
DESCRIPTION

Atlantic Union Bank is the holding company for Atlantic Union Bank, which operates 149 branches and approximately 170 ATMs across Virginia, as well as parts of Maryland and North Carolina. Atlantic Union Bank was incorporated in 1902 and is based in Richmond, Virginia.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 2 of 2
State (Virginia) 3 of 3
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 DHFB

Roanoke, Virginia, United States

DHFB is a wealth management firm, focused on where the industry is headed and work to get there first, challenging the status quo of old thinking and systems. DHFB was founded in 1981 and is based in Roanoke, Virginia.

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