Union Bankshares is acquiring Xenith Bankshares Inc. in a $701.2 million, all-stock deal. The Richmond-based companies announced the deal Monday, which is expected to close in early January 2018.

Union Bankshares Corp., parent company of Union Bank & Trust, bought Xenith Bankshares Inc. in an all-stock transaction valued at $701.2 million. The deal was announced in May and received ...

RICHMOND, Va., Jan. 01, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (“Union”) today announced the completion of its acquisition of Xenith Bankshares, Inc. (“Xenith”). The ...

RICHMOND, Va., April 30, 2018 (GLOBE NEWSWIRE) -- Union Bank & Trust (“Union”) today announced William L. (“Bill”) Dawkins has joined Xenith Bank, a division of Union Bank & Trust of ...

The following is what Union Bank & Trust and Xenith Bank bring to the table in a proposed merger: Union Bank & Trust: 113 branch offices, 1,400 employees and $8.67 billion in assets.

Union Bank & Trust announced it will become Atlantic Union Bank beginning in May. The re-branding of the Richmond-based bank chain comes after two large acquisitions including its purchase of … ...

RICHMOND - Union Bankshares Corporation will soon be able to expand into North Carolina and Maryland thanks to a merger agreement. According to a release, Union announced Monday it has entered a ...

Union Bankshares Corp <UBSH.O> said on Monday it would acquire rival Xenith Bankshares Inc <XBKS.O> in an all-stock deal valued at nearly $695 million, as the U.S. community lender looks to expand ...

Richmond, Virginia based-Union Bankshares' offer of 0.9354 shares for each Xenith share translates to $29.67 per share and is at a 10.4 percent premium to Xenith's Friday close.