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An announcement from Atlantic Union Bankshares ( (AUB) ) is now available.
Atlantic Union Bankshares Corporation has announced a definitive merger agreement to acquire Sandy Spring Bancorp in an all-stock transaction valued at approximately $1.6 billion. This merger will create the largest regional bank headquartered in the lower Mid-Atlantic, enhancing its presence in Northern Virginia and Maryland. Sandy Spring’s assets and deposits will significantly bolster Atlantic Union’s financial strength, with the combined entity boasting pro forma total assets of $39.2 billion. The merger, expected to close by the third quarter of 2025, will also see three Sandy Spring board members joining Atlantic Union’s board.
See more data about AUB stock on TipRanks’ Stock Analysis page.