M&A Deal Summary

Atlantic Union Bank Acquires StellarOne

On January 1, 2014, Atlantic Union Bank acquired financial services company StellarOne

Acquisition Highlights
  • This is Atlantic Union Bank’s 1st transaction in the Financial Services sector.
  • This is Atlantic Union Bank’s 1st transaction in the United States.
  • This is Atlantic Union Bank’s 1st transaction in Vermont.

M&A Deal Summary

Date 2014-01-01
Target StellarOne
Sector Financial Services
Buyer(s) Atlantic Union Bank
Deal Type Merger
Advisor(s) Raymond James - Investment Banking (Financial)

Target

StellarOne

Charlottesville, Vermont, United States
StellarOne Corp. provides financial services in US.

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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 1 of 4
Sector (Financial Services) 1 of 4
Type (Merger) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 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.

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