RICHMOND, Va., Jan. 26, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation announced today the closing of the previously announced secondary public offering by which ACMO-HR, L.L.C. and Carlyle Financial Services Harbor, L.P. sold a total of 7,931,926 shares of Union common stock in an underwritten public offering at a price to the public of $38.00 per share. The Selling Shareholders received all of the net proceeds from the offering and upon completion of the offering no longer own any shares of Union common stock.

Keefe, Bruyette & Woods, Inc., A Stifel Company, Sandler O’Neill + Partners, L.P. and Raymond James & Associates, Inc. served as active bookrunners for the offering and Barclays Capital Inc. served as a joint bookrunner for the offering.

ABOUT UNION BANKSHARES CORPORATION

Headquartered in Richmond, Virginia, Union Bankshares Corporation (Nasdaq:UBSH) is the holding company for Union Bank & Trust, which has 150 banking offices, 39 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, and approximately 220 ATMs located throughout Virginia and in portions of Maryland and North Carolina. Union Bank & Trust also operates Shore Premier Finance, a specialty marine lender. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products, Old Dominion Capital Management, Inc., which provides investment advisory services, and Union Insurance Group, LLC, which offers various lines of insurance products.