reports
Union Bankshares Corporation Names Ronald L. Tillett Chairman
Union Bankshares Corporation Names Ronald L. Tillett Chairman Patrick J. McCann named Vice Chairman RICHMOND, Va., May 06, 2019 (GLOBE NEWSWIRE) -- With the retirement of Raymond D. Smoot from the Union Bankshares Corporation (“Union” or the “Company”) board of directors (the “Board”), the Board has named Ronald L. Tillett Chairman, and Patrick J. McCann Vice Chairman. “Since I first joined the Board in 2003, Union has grown from a community bank to Virginia’s regional bank and has become the first statewide independent Virginia bank in nearly 20 years,” said Tillett. “Through its 1...
Union Bankshares Corporation To Change Name to Atlantic Union Bankshar...
Union Bankshares Corporation To Change Name to Atlantic Union Bankshares Corporation - Stock Trading Symbol To Change on May 20 - RICHMOND, Va., May 03, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (“Union” or the “Company”) today announced that its shareholders have approved changing the Company’s name to Atlantic Union Bankshares Corporation (as previously approved by the Company’s Board of Directors). The Company’s stock trading symbol will change to “AUB” effective May 20, 2019. The Company’s common stock will continue to be listed on Nasdaq and shareholders of the Com...
Union Bankshares Corporation Declares Quarterly Dividend
Union Bankshares Corporation Declares Quarterly Dividend RICHMOND, Va., May 02, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation has declared a quarterly dividend of $0.23 per share. The dividend amount is the same as the prior quarter’s dividend and is a $0.02, or 10%, increase from the prior year’s dividend. Based on the stock’s closing price of $36.25 on May 1, 2019, the dividend yield is approximately 2.5%. The dividend is payable on May 31, 2019 to shareholders of record as of May 17, 2019. ABOUT UNION BANKSHARES CORPORATION Headquartered in Richmond, Virginia, Union Ban...
Union Bankshares Reports First Quarter Results
Union Bankshares Reports First Quarter Results RICHMOND, Va., April 24, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the “Company” or “Union”) (Nasdaq: UBSH) today reported net income of $35.6 million and earnings per share of $0.47 for its first quarter ended March 31, 2019. Net operating earnings(1) were $50.2 million and operating earnings per share(1) were $0.66 for its first quarter ended March 31, 2019; these operating results exclude $14.6 million in after-tax merger-related costs but include after tax losses from discontinued operations of $85,000 and approximately $322...
Union Bankshares Corporation To Release First Quarter 2019 Results
Union Bankshares Corporation To Release First Quarter 2019 Results RICHMOND, Va., April 09, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation today announced that it will release first quarter 2019 results before the market opens on Wednesday, April 24, 2019. Following the release, the company will host a conference call for analysts at 9:00 a.m. Eastern Daylight Time on Wednesday, April 24, 2019. To listen to the call, please use one of the following telephone numbers.Participant Toll-Free Dial-In Number:(877) 668-4908Participant International Dial-In Number:(973) 453-3058 The...
For UNION BANKSHARES CORP., the environment deterioration entails a do...
UNION BANKSHARES CORP. (US), a company active in the Money Center Banks industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date February 15, 2019, the closing price was USD 35.51 and its expected value was es...
Union Bankshares Corporation Completes Acquisition of Access National ...
Union Bankshares Corporation Completes Acquisition of Access National Corporation; Intends to Rebrand its bank from Union Bank & Trust to Atlantic Union Bank RICHMOND, Va., Feb. 01, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (“Union”) today announced the completion of its acquisition of Access National Corporation (“Access”). This transaction strengthens Union’s presence in Virginia’s most populous market, Northern Virginia. Under the terms of the merger agreement, Access shareholders received 0.75 shares of Union common stock in exchange for each share of Access common sto...
Union Bank & Trust Names Shawn O’Brien Consumer Banking Group Execut...
Union Bank & Trust Names Shawn O’Brien Consumer Banking Group Executive RICHMOND, Va., Jan. 31, 2019 (GLOBE NEWSWIRE) -- Union Bank & Trust has named Shawn E. O’Brien Executive Vice President and Consumer Banking Group Executive with responsibility for all consumer banking branches and teammates effective February 18, 2019. “Shawn brings significant retail banking experience to Union and will help us achieve our ambitious goals for growth,” said Maria P. Tedesco, president of Union Bank & Trust. “His detailed knowledge of branch networks and digital savvy will be a great addition to o...
Union Bankshares Corporation Declares Quarterly Dividend
Union Bankshares Corporation Declares Quarterly Dividend RICHMOND, Va., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation has declared a quarterly dividend of $0.23 per share. The dividend amount is the same as the prior quarter’s dividend and is a $0.02, or 10%, increase from the prior year’s dividend. Based on the stock’s closing price of $31.97 on January 23, 2019, the dividend yield is approximately 2.8%. The dividend is payable on February 22, 2019 to shareholders of record as of February 8, 2019. ABOUT UNION BANKSHARES CORPORATION Headquartered in Richmond, Virginia, ...
Union Bankshares Reports Fourth Quarter and Full Year Results
Union Bankshares Reports Fourth Quarter and Full Year Results RICHMOND, Va., Jan. 22, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the “Company” or “Union”) (Nasdaq: UBSH) today reported net income of $44.1 million and earnings per share of $0.67 for its fourth quarter ended December 31, 2018. Net operating earnings(1) were $46.2 million and operating earnings per share(1) was $0.70 for its fourth quarter ended December 31, 2018; these operating results exclude $2.2 million in after-tax merger-related costs but include losses from discontinued operations of $192,000. For t...
Shareholders Approve Union Bankshares Corporation Acquisition of Acces...
Shareholders Approve Union Bankshares Corporation Acquisition of Access National Corporation RICHMOND, Va., Jan. 15, 2019 (GLOBE NEWSWIRE) -- At separate special meetings today, shareholders of both Union Bankshares Corporation (“Union”) and Access National Corporation (“Access”) approved the previously announced merger of Access with and into Union. Under the terms of the merger agreement, Access shareholders will receive 0.75 shares of Union common stock for each share of Access common stock. “We are pleased to have received all of the regulatory and shareholder approvals needed to pr...
Union Bankshares Corporation and Access National Corporation Announce ...
Union Bankshares Corporation and Access National Corporation Announce Regulatory Approvals for Proposed Merger RICHMOND, Va., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (“Union”) and Access National Corporation (“Access”) jointly announced the receipt of regulatory approvals from the Federal Reserve Bank of Richmond and from the Virginia State Corporation Commission to move forward with the proposed merger of Access with and into Union. The proposed merger remains subject to approval by shareholders of Union and Access. “We are pleased to have received all of the regu...
Union Bankshares Corporation To Release Fourth Quarter and Full Year 2...
Union Bankshares Corporation To Release Fourth Quarter and Full Year 2018 Results RICHMOND, Va., Jan. 08, 2019 (GLOBE NEWSWIRE) -- Union Bankshares Corporation today announced that it will release fourth quarter and full year 2018 results before the market opens on Tuesday, January 22, 2019. Following the release, the company will host a conference call for analysts at 9:00 a.m. Eastern Standard Time on Tuesday, January 22, 2019. To listen to the call, please use one of the following telephone numbers.Participant Toll-Free Dial-In Number: (877) 668-4908Participant Internati...
Union Bankshares Corporation To Host Investor Day
Union Bankshares Corporation To Host Investor Day RICHMOND, Va., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation will host an investor day on Wednesday, November 14, 2018 at the Harmonie Club - 4 E 60th Street, New York, NY 10022. Members of the executive management team will present starting at 1:00 p.m. EST. Institutional investors who have not registered, but would like to attend, can email Bill Cimino at: . For investors unable to attend, the program will be webcast at: /bankatunion/ ABOUT UNION BANKSHARES CORPORATION Headquartered in Richmond, Virginia, Union Ban...
Union Bankshares Corporation Declares Quarterly Dividend
Union Bankshares Corporation Declares Quarterly Dividend RICHMOND, Va., Oct. 25, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation has declared a quarterly dividend of $0.23 per share. The dividend amount is the same as the prior quarter’s dividend and is a $0.02, or 10%, increase from the prior year’s dividend. Based on the stock’s closing price of $32.09 on October 24, 2018, the dividend yield is approximately 2.9%. The dividend is payable on November 23, 2018 to shareholders of record as of November 9, 2018. ABOUT UNION BANKSHARES CORPORATION Headquartered in Richmond, Virginia...
Union Bankshares Reports Third Quarter Results
Union Bankshares Reports Third Quarter Results RICHMOND, Va., Oct. 17, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the “Company” or “Union”) (Nasdaq: UBSH) today reported net income of $38.2 million and earnings per share of $0.58 for its third quarter ended September 30, 2018. Net operating earnings(1) were $39.3 million and operating earnings per share(1) was $0.60 for its third quarter ended September 30, 2018; these operating results exclude $1.1 million in after-tax merger-related costs but include losses from discontinued operations of $565,000. Net income was $102.2 mi...
Union Bankshares Corporation To Release Third Quarter 2018 Results
Union Bankshares Corporation To Release Third Quarter 2018 Results RICHMOND, Va., Oct. 08, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation today announced that it will release third quarter 2018 results before the market opens on Wednesday, October 17, 2018. Following the release, the company will host a conference call for analysts at 9:00 a.m. Eastern Daylight Time on Wednesday, October 17, 2018. To listen to the call, please use one of the following telephone numbers.Participant Toll-Free Dial-In Number: (877) 668-4908Participant International Dial-In Number: (97...
Union Bankshares Corporation Announces Agreement to Acquire Access Nat...
Union Bankshares Corporation Announces Agreement to Acquire Access National Corporation RICHMOND, Va. and RESTON, Va., Oct. 05, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (“Union”) (Nasdaq: UBSH) and Access National Corporation (“Access”) (Nasdaq: ANCX) jointly announced today that they have entered into a definitive merger agreement for Union to acquire Access in an all-stock transaction. Combining the two organizations will create the leading Virginia-based regional bank with an unmatched presence across the Commonwealth. Based on financial data as of June 30, 2018, th...
Union Bankshares Corporation Cancels Presentation at Barclays Global F...
Union Bankshares Corporation Cancels Presentation at Barclays Global Financial Services Conference RICHMOND, Va., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation today announced that due to the potential impact of Hurricane Florence, President and CEO John C. Asbury and Executive Vice President and CFO Robert M. Gorman will no longer present at the Barclays Global Financial Services Conference in New York, New York on Thursday, September 13, 2018. ABOUT UNION BANKSHARES CORPORATIONHeadquartered in Richmond, Virginia, Union Bankshares Corporation (Nasdaq: UBSH) is the hol...
Union Bankshares Corporation Announces Exit of CapGen Capital Group VI...
Union Bankshares Corporation Announces Exit of CapGen Capital Group VI LP RICHMOND, Va., Sept. 10, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation today announced that it has been advised by CapGen Capital Group VI LP that CapGen fully exited its position in Union Bankshares common stock through a distribution to its limited partners. In its last public filing of a Schedule 13D/A on April 27, 2018, CapGen stated that it held at that time 3,138,579 shares or 4.8% of the total shares outstanding of Union Bankshares common stock. ABOUT UNION BANKSHARES CORPORATIONHeadquartered in Ric...
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