Atlantic Union Bankshares (AUB) to Acquire Sandy Spring Bancorp (SASR) in $1.6B Deal

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Go back to Atlantic Union Bankshares (AUB) to Acquire Sandy Spring Bancorp (SASR) in $1.6B Deal

Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp

October 21, 2024 6:00 AM EDT

RICHMOND, Va. & OLNEY, Md.--(BUSINESS WIRE)-- Atlantic Union Bankshares Corporation (Atlantic Union) (NYSE: AUB) and Sandy Spring Bancorp (Sandy Spring) (Nasdaq: SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined companys presence in Northern Virginia and Maryland.

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