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FutureStarrAtlantic Union Bank:
Based in Boston, Atlantic Union Bank offers financial solutions for individuals and small, medium and large businesses. The bank provides FDIC-insured money management, loans and banking, check cashing, international transfers, cash management, and remote deposit capture.
RICHMOND, Va., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation (Nasdaq: AUB) (the “Company”), the holding company for Atlantic Union Bank (the “Bank”), today announced the pricing of its public offering of $250 million aggregate principal amount of its 2.875% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”). The price to the public for the Notes is 100% of the principal amount of the Notes. The Notes will mature on December 15, 2031. Interest on the Notes initially will accrue at a rate equal to 2.875% per annum from and including December 8, 2021 to, but excluding, December 15, 2026, payable semiannually in arrears. From and including December 15, 2026 to, but excluding, December 15, 2031 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term Secured Overnight Financing Rate, or SOFR (as defined in the Notes), plus a spread of 186 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.
I have been with what I like to call the “Ukrop’s Bank” for a long time! I did leave for a minute, however I came back!! Because as far as I’m concerned, there really isn’t a bank that is as pleasant and as easy to work with. Through the changes, I really didn’t have any problems. Everything seemed rather simple and smooth. I don’t do much on the app except transfer money and check/reconcile my accounts so it’s pretty basic use. And when I do have to call the bank “800” number, everyone I have talked with has been extremely pleasant, helpful and just overall seemed happy to be of service and to be with the “Ukrop’s Bank” (or it’s professional name “Atlantic Union Bank”). (Source: apps.apple.com)