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Atlantic Union Tops Q2 Common Equity Issuances with $386.4M Raise
ByAinvest
Monday, Jul 21, 2025 2:28 pm ET1min read
Atlantic Union Bankshares led US banks in common equity issuances in Q2, raising $386.4M through an all-stock acquisition. The lender completed the acquisition of Virginia National Bank Corp. in June, expanding its presence in the Mid-Atlantic region. The deal added $1.5B in assets and $1.2B in deposits to Atlantic Union's balance sheet.
Atlantic Union Bankshares (NYSE:AUB) led the pack among U.S. banks in common equity issuances during the second quarter, according to a report by S&P Global Market Intelligence. The Glen Allen, VA-based lender raised $386.4 million during the quarter, primarily through an all-stock acquisition of Sandy Spring Bancorp (SASR) on April 1 [1].The acquisition, which closed in June, expanded Atlantic Union's presence in the Mid-Atlantic region. The deal added $1.5 billion in assets and $1.2 billion in deposits to the bank's balance sheet. This strategic move is part of the bank's ongoing efforts to grow its customer base and increase its market share.
Other notable common equity issuances in the second quarter include:
- Orange County Bancorp (OBT) raised $46 million through a stock offering.
- Winchester Bancorp (WSBK) closed a $40 million initial public offering on April 30.
- Marathon Bancorp (MBBC) issued $16.9 million in common equity.
- Patriot National Bancorp (PNBK) raised $10.7 million.
- Oak View Bankshares (OTCPK:OAKV) issued $7.8 million.
In contrast, Wells Fargo & Company (WFC) led the senior debt issuances by U.S. banks in the second quarter, raising $8 billion [1]. JPMorgan Chase (JPM) followed with $6 billion in senior debt issuances.
Atlantic Union Bankshares' strong performance in common equity issuances highlights the bank's ability to secure funding and expand its operations. The bank's recent acquisitions and growth strategies are likely to continue driving its financial performance and market presence.
References:
[1] https://seekingalpha.com/news/4469480-atlantic-union-tops-q2-common-equity-issuances-by-us-banks---report
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