03:31 AM EST, 01/14/2025 (MT Newswires) -- Atlantic Union Bankshares ( AUB ) and Sandy Spring Bancorp ( SASR ) said late Monday they have received Federal Reserve Bank of Richmond regulatory approvals to complete their merger.

Sandy Spring is merging into Atlantic Union in an all-stock transaction.

The merger remains subject to approvals by the Virginia Bureau of Financial Institutions, the Maryland Office of Financial Regulation, and shareholders of both companies.