Atlantic Union Bankshares, Sandy Spring Bancorp get approval to complete merger

The company states: “Atlantic Union Bankshares (AUB) and Sandy Spring Bancorp (SASR) jointly announced the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, to complete the previously announced merger of Sandy Spring with and into Atlantic Union in an all-stock transaction. Immediately following such merger, Sandy Spring Bank, Sandy Spring’s wholly owned subsidiary bank, will merge with and into Atlantic Union Bank, Atlantic Union’s wholly owned subsidiary bank.”