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An update from Atlantic Union Bankshares ( (AUB) ) is now available.
Atlantic Union Bankshares Corporation has announced a merger agreement with Sandy Spring Bancorp, Inc., resulting in Sandy Spring merging into Atlantic Union. As part of the merger process, Atlantic Union has filed a registration statement with the SEC regarding the shares of common stock to be issued. To mitigate potential tax implications under Section 280G of the Internal Revenue Code, Sandy Spring’s Compensation Committee approved accelerated compensation payments to certain executives, including bonuses and stock awards, to preserve corporate tax deductions and reduce tax burdens for the executives.
More about Atlantic Union Bankshares
Atlantic Union Bankshares Corporation operates in the banking and financial services industry, providing a range of personal and commercial banking products and services. The company focuses on serving customers in the Mid-Atlantic region of the United States.
Average Trading Volume: 1,003,716
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.4B
For detailed information about AUB stock, go to TipRanks’ Stock Analysis page.
