Atlantic Union Bank
Richmond City, Virginia, Richmond City County
$38.0B in total assets, the 62nd largest of 4,309 US banks and 3rd of 57 headquartered in Virginia.
- FDIC certificate
- 34589
- Established
- 1997
- Owned by
- Atlantic Union Bankshares Corp
- Primary regulator
- FED
- Website
- www.atlanticunionbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $38.0B | 78% | $22.4B | |
| Loans | $28.7B | 83% | $14.4B | |
| Deposits | $30.6B | 81% | $18.0B | |
| Return on assets | 1.42% | 67% | 1.29% | |
| Net interest margin | 3.96% | 75% | 3.61% | |
| Efficiency ratio | 46.6% | 21% | 55.2% | |
| Equity to assets | 15.23% | 93% | 11.57% | |
| Loans to deposits | 94% | 77% | 87% |
Growth
Total assets grew 13.8% a year over the last 5 years and 16.7% a year over 10 years, including 4 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2025 | Sandy Spring Bank Olney, MD | $13.8B |
| Apr 2024 | American National Bank and Trust Company Danville, VA | $3.1B |
| Feb 2019 | Access National Bank Reston, VA | $3.0B |
| Jan 2018 | Xenith Bank Richmond, VA | $3.3B |
| May 2014 | StellarOne Bank Christiansburg, VA, an affiliate under the same holding company | $3.1B |
| Oct 2010 | The Rappahannock National Bank of Washington Washington, VA, an affiliate under the same holding company | $194M |
| Oct 2010 | Northern Neck State Bank Warsaw, VA, an affiliate under the same holding company | $342M |
| Mar 2010 | Union Bank and Trust Company Bowling Green, VA, an affiliate under the same holding company | $2.0B |
| Nov 2008 | Bay Community Bank Newport News, VA, an affiliate under the same holding company | $148M |
| Mar 2008 | Prosperity Bank and Trust Company Springfield, VA, an affiliate under the same holding company | $139M |
| Sep 2004 | Guaranty Bank Charlottesville, VA, an affiliate under the same holding company | $255M |
| Jun 1999 | King George State Bank, Inc. King George, VA, an affiliate under the same holding company | $76M |
Where they operate
177 branches in 84 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Richmond City County, VA | $4.9B | 13.6% | 2 of 16 |
| Montgomery County, MD | $3.8B | 7.0% | 6 of 29 |
| Fairfax County, VA | $2.5B | 2.1% | 7 of 38 |
| Caroline County, VA | $1.4B | 100.0% | 1 of 1 |
| Howard County, MD | $1.0B | 10.6% | 3 of 17 |
| Henrico County, VA | $868M | 9.5% | 4 of 22 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 53 branches since 2016 (124 to 177, +42.7%). 5 opened, 127 acquired, 79 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 124 | |||
| 2016 | Opened WinchesterClosed 11 in Virginia | 1 | 11 | −10 | 114 |
| 2017 | Closed 3 in Virginia | 0 | 3 | −3 | 111 |
| 2018 | Acquired Xenith BankOpened Virginia Beach, closed 9 in Virginia | 38 | 9 | +29 | 140 |
| 2019 | Acquired Access National BankClosed 5 in 2 states | 14 | 5 | +9 | 149 |
| 2020 | Closed 15 in 2 states | 0 | 15 | −15 | 134 |
| 2021 | Opened RichmondClosed 5 in Virginia | 1 | 5 | −4 | 130 |
| 2022 | Closed 16 in 3 states | 0 | 16 | −16 | 114 |
| 2023 | Closed 5 in Virginia | 0 | 5 | −5 | 109 |
| 2024 | Acquired American National Bank and Trust CompanyOpened Rocky Mount, closed 3 in Virginia | 23 | 3 | +20 | 129 |
| 2025 | Acquired Sandy Spring BankOpened Woodbridge, closed 6 in 2 states | 55 | 6 | +49 | 178 |
| 2026 through Q2 | Closed Bethesda | 0 | 1 | −1 | 177 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 40% | 25% | |
| Business (C&I) | 20% | 17% | |
| 1-4 family residential | 18% | 21% | |
| Multifamily | 8% | 8% | |
| Construction and land | 6% | 6% | |
| Consumer | 1% | 10% | |
| Other | 6% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 57% | 62% | |
| Noninterest-bearing | 22% | 20% | |
| Time deposits | 21% | 18% |
Brokered deposits are 1.8% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.49% | 0.63% |
| Net charge-offs, annualized | 0.03% | 0.14% |
| Reserves to loans | 1.04% | 1.15% |
| Leverage ratio | 11.45% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Richmond City County, VA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/atlantic-union