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From the moment that John Asbury took over in October 2016 as president and chief executive officer at Union First Market Bankshares Corp., an $8.3 billion bank headquartered in Richmond, Virginia, he had a plan to build a bigger, better bank. Asbury wasted little time executing on that plan. He acquired community banks in Virginia in 2017 and 2018, which nearly doubled Union First Market’s asset size to almost $17 billion and established itself as the state’s largest independent bank. The bank changed its name to Atlantic Union Bankshares in 2019 — a sign of Asbury’s even larger ambitions. The…
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WRITTEN BY
Jack Milligan
Editor-at-Large
Jack Milligan is editor-at-large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Mr. Milligan directs Bank Director’s editorial coverage and leads its director training efforts. He has a master’s degree in Journalism from The Ohio State University.