Atlantic Union Bankshares received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger of American National Bankshares with and into Atlantic Union Bankshares in an all-stock transaction. The Federal Reserve approval follows approvals from the Virginia State Corporation Commission and the shareholders of American National.

“We are pleased to have received all of the regulatory and shareholder approvals necessary to close the merger, and we plan to close the transaction on April 1, 2024, subject to the satisfaction of customary closing conditions,” John C. Asbury, president and CEO of Atlantic Union Bankshares, said.