Atlantic Union Bank History
Throughout the 20th Century, Union Bank & Trust continually expanded while maintaining our commitment to excellent customer service.
Atlantic Union Bank - Banking for Everyone
We believe people have a right to expect more from the companies they do business with – and they can expect more from Atlantic Union Bank (AUB). Founded in Bowling Green, Virginia in 1902 with just $2,500 in assets, what was Union Bank & Trust has evolved to Atlantic Union Bank with $37 billion in assets and a footprint that spans the Mid-Atlantic. One thing hasn’t changed is our commitment to our customers, not only in Maryland, North Carolina, Virginia and Washington, D.C., but throughout the country with home loans in 39 states and expanded commercial banking.
As we grow from our smalltown roots, we're committed to maintaining or reputation for excellent customer service and for meeting our customers where they are. We were an early adopter of internet banking amongst regional banks, and it’s the sophistication of our Online and Mobile Banking that has allowed us to keep up with much larger national banks in providing current and secure technologies and capabilities for our customers.
"We launch our new brand with the same commitment to service and relentless focus on our customers throughout the Mid-Atlantic region. Now that we have unified our brand under a distinctive name and logo, customers can easily identify with their bank.”
In 2024, we moved even further into the Southwest Virginia and North Carolina regions by acquiring American National Bank & Trust Company. This merger brought together two Virginia-based banks with over 100 years of history, and deepened AUB's commitment to building trust with our customers and community.
In 2025, we announced and completed the acquisition of Sandy Spring Bank, a financial institution with $8 billion in assets and more than 150 years of history in Maryland, Virginia and Washington, D.C. Not only did this expand our footprint, but it also brought onboard new capabilities and a 25% increase in our workforce.
We are now well into our second century, always with an eye to the future. As we plan for that future, we are reminded by John Asbury, our Chief Executive Officer, that “it’s all about the people – it’s always all about the people.” He keeps us focused on the values that have brought us to where we are – caring, courageous, committed – to inform where we are going.
Atlantic Union Bank (AUB) is the largest regional bank headquartered in Virginia with a presence across the Mid-Atlantic. We have more than 170+ locations across Maryland, North Carolina, Virginia and Washington, D.C, offering a full suite of financial services.
After these acquisitions, we realized that it was time to bring consistency to our brand, and we changed our name to Atlantic Union Bank (AUB) on May 19, 2019. The impact of the name change was immediate and, as our Chief Marketing Officer Duane Smith at the time shared,