Union Bankshares Corporation, incorporated on December 20, 1991, is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates include Union Mortgage Group, Inc. (UMG), Union Insurance Group, LLC and Old Dominion Capital Management, Inc. Its UMG provides a range of mortgage products; Union Insurance Group, LLC is an insurance agency, and Old Dominion Capital Management, Inc. offers investment management and financial planning services primarily to families and individuals. The community bank segment included one subsidiary bank, which provided loan, deposit, investment, and trust services to retail and commercial customers throughout its 151 banking office, 40 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, as of January 1, 2018. It operates approximately 220 ATMs located throughout Virginia, Maryland and North Carolina.
|Bank Name||Union Bankshares Corporation|
|CEO||Mr. John C. Asbury|