Banking

Atlantic Union to purchase American National

Atlantic Union Bankshares in Richmond, Virginia, has actually accepted purchase American National Bankshares in Danville, Virginia. The $20.6 billion-asset Atlantic Union stated in a news release that it will pay $416.8 million in stock for the $3.1 billion-asset American National. The offer is anticipated to close in the very first quarter.

M&A News is reported by Paul Davis and reprinted with approval as an adjustment of the product from TheBankSlate.com.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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