Buckley Sandler Advises on Union Bankshares Corp. $150 Million Subordinated Note Offering
Buckley Sandler advised the sole book-running manager, Sandler O’Neill + Partners, L.P., in the $150 million public offering by Union Bankshares Corporation of 5.00% subordinated notes due in 2026.
Union Bankshares Corporation, headquartered in Richmond, Virginia, is the holding company for Union Bank & Trust, which has 114 banking offices and approximately 190 ATMs located throughout Virginia. 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.
The Buckley Sandler corporate securities/bank regulatory team, based in Washington, DC, included counsels Noel Gruber and Ryan Pollard, and associate Christopher Kushmider.