Atlantic Union Bank

The story of Atlantic Union Bank begins not with one institution, but with the convergence of several. Its roots trace back to 1902 with the founding of First National Bank of Roanoke. For much of its history, the bank operated under the name First Market Bank, a joint venture between Ukrop's Super Markets and National Commerce Financial. This supermarket-based banking model defined its early identity. A pivotal moment arrived in 2010 when the institution, then known as Union First Market Bank, recapitalized and began a new chapter. Led by a new management team, the bank set its sights on growth beyond the grocery aisles. It embarked on a series of strategic acquisitions, methodically consolidating its position within the Virginia banking landscape. The most significant transformation occurred in 2018. The bank, then Union Bank & Trust, acquired Xenith Bankshares, a move that significantly expanded its scale and market presence. To reflect this new, broader identity and its ambition to be the premier bank in the Mid-Atlantic, the company rebranded to Atlantic Union Bank in May 2019. This wasn't just a name change; it was the culmination of a decade-long strategy of consolidation and growth, cementing its status as a major regional player, a journey from a grocery store bank to a cornerstone of Virginia's financial community.