Eastern Shore Post
Shore Businesses Have Varying Degrees of Success With Paycheck Protection Loans
May 1, 2020
Atlantic Union CEO John Asbury told the Eastern Shore Post that the bank has approved 73 PPP loans in Accomack County for a total of $4,540,000. In Northampton County, the bank approved 48 PPP loans for a total of $3,420,000. Click here to read more.
Fortune
14 years in 14 days: Inside the chaotic rollout of the SBA’s PPP loan plan to save America’s small businesses
April 29, 2020
"To the extent that someone is able to take on such a large borrowing, of course that crowds out [smaller businesses],” John Asbury, CEO of the regional Atlantic Union Bank, based in Virginia, tells Fortune. The bank was able to get over 6,500 loans approved before funding from the first round was cut short and had thousands of applications backlogged for the second round. Click here to read more.
Fairfax County Economic Development Authority
Getting a PPP loan: First-hand account from a Fairfax County small business
April 29, 2020
Small banks obviously ruled the day here. We used a small bank, Atlantic Union Bank, and that‘s why we got funded. Click here to read more.
WAVY
Local bank processes more than $288 million in SBA applications in 48 hours
April 29, 2020
“We are tirelessly working around the clock to ensure our clients are receiving the money they need, as well as opening up the loan applications for new clients who missed the opportunity during the first round of lending,” said John Asbury, CEO and President of Atlantic Union Bankshares. “We were able to process applications quickly on this second round for a few different reasons.” Click here to read more.
WHSV
Atlantic Union Bank processes 3,231 PPP applications in 48 hours
April 29, 2020
Although banks across the United States have complained that a bottleneck at the Small Business Administration is severely slowing down the process of approving more loans for small businesses, Atlantic Union Bank, headquartered in Richmond, says they've made a lot of progress. Click here to read more.
Forbes
Top Women Wealth Advisors
April 27, 2020
This year's Top Women Wealth Advisors list spotlights top advisors across the country who were nominated by their firms—and then researched, interviewed and assigned a ranking within their respective states.
Congratulations to Holly Stallworth, SVP, Middleburg Financial on making this year's list. Click here to read more.
Richmond BizSense
Local bank plans new from-scratch branch across from Village Shopping Center
April 24, 2020
Atlantic Union Bank this month filed a plan of development to construct a new location with a drive-thru at 7000 Three Chopt Road, on the site of the existing 3 Chopt Mart convenience store. Click here to read more.
Washington Business Journal
Survivors: Small businesses share often tangled routes to secure PPP loans
April 24, 2020
Now I’m on my third bank. The woman I’m dealing with has been extremely helpful. I opened a business account with her. The application has not been approved yet, but we were able to submit an application. That was Atlantic Union Bank. Click here to read more.