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AI brief of an SEC Form 8-K · Atlantic Union Bankshares (AUB)

Atlantic Union to acquire Sandy Spring in all-stock deal valued at $1.6 billion

Neutral Impact 5 of 5 m&a Written later

Atlantic Union Bankshares agreed on October 21, 2024 to acquire Sandy Spring Bancorp in an all-stock transaction valued at about $1.6 billion, creating a combined company with pro forma total assets of $39.2 billion. The deal requires approval by Atlantic Union shareholders and Sandy Spring stockholders, plus regulatory approvals, and the companies expect to close by the end of the third quarter of 2025.

Key points

  • Each Sandy Spring share converts into 0.900 Atlantic Union shares, valuing it at about $34.93 per share based on Atlantic Union's October 18, 2024 closing price.
  • Sandy Spring had $14.4 billion in assets and $11.7 billion in total deposits as of September 30, 2024.
  • A termination fee of $56.0 million is payable by either party in certain circumstances.
  • Expected closing is by the end of the third quarter of 2025; Sandy Spring chair and CEO Daniel J. Schrider will join the Atlantic Union board.

The filing

CompanyAtlantic Union Bankshares (AUB)
Form8-K, current report
Filed with the SECOct 21, 2024, 6:06 AM ET
Accession number0001104659-24-110007

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 21, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.