Atlantic Union Bank

1051 East Cary Street, Suite 1200
Richmond, VA 23219

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34589
Date Established 1997
Assets $16.87 billion
Loans $11.94 billion
Deposits $12.52 billion
Capital $2.71 billion

Atlantic Union Bank is an FDIC insured institution located in Richmond, VA. It was founded in 1997 and has approximately $16.87 billion in assets. Customers can open an account at one of its 174 branches.

For a more detailed analysis of Atlantic Union Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.40% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.45% $100,000 - Learn MoreShow Less
0.45% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.50% $100,000 - Learn MoreShow Less
0.55% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
0.60% $100,000 - Learn MoreShow Less
24 Mo CD
0.75% $1,000 - Learn MoreShow Less
36 Mo CD
0.95% $1,000 - Learn MoreShow Less
48 Mo CD
1.06% $1,000 - Learn MoreShow Less
60 Mo CD
1.50% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.55% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.55% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $2,499 Learn MoreShow Less
Int Ckg
0.03% $2,500 $9,999 Learn MoreShow Less

Loan Rates - July 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Atlantic Union Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.778% 3.750% 0.38 $852 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Atlantic Union Bank
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Branches

Atlantic Union Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Atlantic Union Bank Locations


Financial Details

Atlantic Union Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Atlantic Union Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Atlantic Union Bank U.S. Bank Average
2.12% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Atlantic Union Bank had $48,239,000 in non-current loans and $10,048,000 in owned real estate. To cover these potential losses it had $2,706,978,000 in equity and $40,827,000 in loans loss reserves. That gives it a Texas Ratio of 2.12%.

Return on Equity
Atlantic Union Bank U.S. Bank Average
6.87% 9.47%

Atlantic Union Bank has a Return on Equity of 6.87% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Atlantic Union Bank U.S. Bank Average
16.05% 12.49%

Atlantic Union Bank has a Capitalization of 16.05% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Atlantic Union Bank Balance Sheet Analysis

As of March 31, 2019, Atlantic Union Bank had assets of $16,868,630,000, loans of $11,940,195,000, and deposits of $12,516,002,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.28 billion
Interest-bearing balances $0.12 billion
Total securities $2.66 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $11.94 billion
Loan loss allowance $0.04 billion
Trading account assets $0.02 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $1.02 billion
All other assets $0.71 billion
     Total Assets $14.16 billion
LIABILITIES
Total deposits $12.52 billion
      Interest-bearing deposits $9.53 billion
      Deposits held in domestic offices $12.52 billion
      % insured (estimated) 69.78%
Federal funds purchased and repurchase agreements $0.07 billion
Trading liabilities $0.02 billion
Other borrowed funds $1.45 billion
Subordinated debt $0.00 billion
All other liabilities $0.09 billion
      Total Liabilities $14.16 billion
      Shareholders’ Equity $2.71 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.17 billion
Total Interest Expense $0.03 billion
Net interest income $0.13 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.05 billion

Bank Loan Profile?

The top three loan types in Atlantic Union Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Atlantic Union Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.95
Multifamily
Mortgages
4.95
Credit Card Loans 0.00
Consumer Auto Loans 2.52
Small Business Loans 9.25
Construction and Development Loans 11.11
Commercial Real Estate 40.97
Commercial and Industrial Loans 15.63
Farm Loans 0.05

Frequently Asked Questions About Atlantic Union Bank

Branches and Savings

Is Atlantic Union Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34589.

Why does Atlantic Union Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Atlantic Union Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Atlantic Union Bank a commercial bank?

Yes

Where are Atlantic Union Bank locations?

See branch locations nearby.

Is Atlantic Union Bank open on Saturdays?

Is Atlantic Union Bank open on Sundays?

What time does Atlantic Union Bank open?

What time does Atlantic Union Bank close?

Are Atlantic Union Bank ATMs Open 24/7?

Do Atlantic Union Bank ATMs accept cash deposits?

Can Atlantic Union Bank customers use other ATMs?

Do Atlantic Union Bank branches have notaries?

Will Atlantic Union Bank notarize my document?

What address for Atlantic Union Bank should I put for incoming ACH transfers?

Will the Atlantic Union Bank branch print checks?

Do Atlantic Union Bank checks expire?

Does Atlantic Union Bank require US citizenship to open account?

Can Atlantic Union Bank close my account?

Does Atlantic Union Bank Report to credit bureaus?

Does Atlantic Union Bank Use Equifax?

What is Atlantic Union Bank's ACH Routing Number?

What is Atlantic Union Bank's SWIFT code?

Products

Does Atlantic Union Bank offer mortgages?

Compare mortgage rates here.

Does Atlantic Union Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Atlantic Union Bank offer personal loans?

Compare personal loan rates here.

Does Atlantic Union Bank offer student loans?

Will Atlantic Union Bank cash a check?

Will Atlantic Union Bank redeem a savings bond?

Does Atlantic Union Bank cash savings bonds?

Will Atlantic Union Bank cash money orders?

Can Atlantic Union Bank issue a money order?

Does Atlantic Union Bank do currency exchange?

Background on The Bank

Who owns Atlantic Union Bank?

How long has Atlantic Union Bank been around?

Can Atlantic Union Bank transfer to other banks?

Does Atlantic Union Bank have quick pay?

Does Atlantic Union Bank accept rolled coins?

Will Atlantic Union Bank accept loose change?

Where is Atlantic Union Bank headquarters?

Customer Reviews for Atlantic Union Bank


  • tavonnepayne

    June 29, 2017 |

    ineedtenthousanddollars

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