Atlantic Union Bank in the News - Week of June 29

 Fortune
 PPP extension: What small businesses need to know now
 July 1, 2020

CEO John Asbury told Fortune in an email: “We are assessing the situation and whether extending the program deadline increases demand for the PPP loan. We decided to stop accepting applications because of the lack of demand, and the need to focus on the forgiveness process for our customers.” Click here to read more. 



 

Virginia Business
 Gifts of healing
 June 30, 2020

The fund was seeded with a $500,000 contribution from The Community Foundation, along with contributions from Altria Group Inc., Atlantic Union Bank, Bank of America, The Cabell Foundation, Capital One Financial Corp., CarMax Foundation, Dominion Energy Inc., Genworth Financial, the Mary Morton Parsons Foundation, the Robins Foundation, Virginia Commonwealth University Health System, Wells Fargo and individual donors.  Click here to read more. 


 

American Banker
As PPP enters forgiveness phase, some banks see outsourcing as best move
June 30, 2020

“If you did any material volume … I think you’d be smart to consider using a third party,” said John Asbury, chairman and CEO at the $18 billion-asset Atlantic Union Bankshares and chairman of the Virginia Bankers Association. Click here to read more.