Atlantic Union to buy American National

Atlantic Union Bankshares in Richmond, Virginia, has agreed to buy American National Bankshares in Danville, Virginia. The $20.6 billion-asset Atlantic Union said in a press release that it will pay $416.8 million in stock for the $3.1 billion-asset American National. The deal is expected to close in the first quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from