
Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of his successor's appointment or the date of his retirement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Woolley (68) has been with Atlantic Union Bank for more than 21 years and has served as chief credit officer since 2016. During his tenure, he has played an important role in maintaining the bank's longstanding commitment to strong credit discipline, supporting its growth, and ensuring a consistent focus on sound risk management and credit quality. "Doug has been a valued member of our executive team and a trusted leader across Atlantic Union Bank," said John C. Asbury, chief executive officer of Atlantic Union Bank. "Over the course of his career with the bank, he has helped build a strong credit culture and has provided steady leadership and sound judgment through periods of significant growth and change. We are grateful for his many contributions and wish him all the best upon his retirement."

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Atlantic Union Bank has engaged an executive search firm and initiated a nationwide search to identify a successor, including consideration of both internal and external candidates.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"It has been a privilege to be part of Atlantic Union Bank for more than two decades," said Woolley. "I am proud of what we have accomplished together and grateful for the opportunity to work alongside such a talented group of teammates. I look forward to supporting a smooth transition in the months ahead."

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<b xmlns="http://www.w3.org/1999/xhtml">About Atlantic Union Bankshares Corporation</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AUB">AUB</a>) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260603348822r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260603348822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260603348822/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Bill Cimino, Senior Vice President and Head of Investor Relations 804.448.0937
<br xmlns="http://www.w3.org/1999/xhtml"></br>Beth Shivak, Senior Vice President and Head of Corporate Communications 804.327.5746

</p>

Atlantic Union Bank Announces Planned Retirement of Doug Woolley

Atlantic Union Bank Announces Retirement of Long-Serving Chief Credit Officer

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Atlantic Union Bankshares disclosed that Doug Woolley, EVP and chief credit officer, will retire by April 1, 2027, staying on until a successor is named. Woolley, 68, has 21+ years with AUB and has led credit discipline since 2016. The bank has started a nationwide executive search, weighing internal and external candidates to ensure a smooth transition.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Doug Woolley, EVP and chief credit officer, to retire by April 1, 2027.</li><li>Woolley has 21+ years at AUB; CCO since 2016; credited for discipline.</li><li>Executive search for successor launched; internal and external candidates considered.</li><li>CEO Asbury praises leadership; transition plan aims for a smooth handoff.</li><li>Richmond, VA-based AUB trades on NYSE; ticker AUB.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Atlantic Union Bankshares Corporation (AUB)</strong>: Primary issuer; leadership transition may affect risk governance and credit policy.</li><li><strong>Atlantic Union Equipment Finance, Inc. (N/A)</strong>: Affiliate; potential impact on equipment-financing revenue mix if leadership changes.</li><li><strong>AUB Investments, Inc. (N/A)</strong>: Affiliate; potential minor effect on fee-based revenue amid leadership transition.</li><li><strong>Atlantic Union Capital Markets, Inc. (N/A)</strong>: Affiliation; possible cross-sell opportunities and revenue impact during transition.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The news centers on a leadership transition at a regional bank, which can influence governance sentiment and credit risk culture, though immediate financial impact is unlikely absent details on the successor’s background.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Retirement date and successor search announced.</li><li>No immediate earnings impact disclosed; transition governance in focus.</li><li>Watch for changes in risk culture with new CCO appointment.</li><li>Regional bank leadership changes can trigger measured volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Retirement effective April 1, 2027.</li><li>Woolley age 68.</li><li>21+ years with AUB; CCO since 2016.</li><li>Executive search firm engaged; internal or external candidates.</li><li>HQ in Richmond, Virginia; NYSE: AUB.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near-term; wait for successor details over 6–12 months to gauge credit approach.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of his successor's appointment or the date of his retirement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Woolley (68) has been with Atlantic Union Bank for more than 21 years and has served as chief credit officer since 2016. During his tenure, he has played an important role in maintaining the bank's longstanding commitment to strong credit discipline, supporting its growth, and ensuring a consistent focus on sound risk management and credit quality. "Doug has been a valued member of our executive team and a trusted leader across Atlantic Union Bank," said John C. Asbury, chief executive officer of Atlantic Union Bank. "Over the course of his career with the bank, he has helped build a strong credit culture and has provided steady leadership and sound judgment through periods of significant growth and change. We are grateful for his many contributions and wish him all the best upon his retirement."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Atlantic Union Bank has engaged an executive search firm and initiated a nationwide search to identify a successor, including consideration of both internal and external candidates.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"It has been a privilege to be part of Atlantic Union Bank for more than two decades," said Woolley. "I am proud of what we have accomplished together and grateful for the opportunity to work alongside such a talented group of teammates. I look forward to supporting a smooth transition in the months ahead."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Atlantic Union Bankshares Corporation</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AUB">AUB</a>) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260603348822r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260603348822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260603348822/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Bill Cimino, Senior Vice President and Head of Investor Relations 804.448.0937
<br xmlns="http://www.w3.org/1999/xhtml"></br>Beth Shivak, Senior Vice President and Head of Corporate Communications 804.327.5746

</p>

Atlantic Union Bankshares disclosed that Doug Woolley, EVP and chief credit officer, will retire by April 1, 2027, staying on until a successor is named. Woolley, 68, has 21+ years with AUB and has led credit discipline since 2016. The bank has started a nationwide executive search, weighing internal and external candidates to ensure a smooth transition.

Atlantic Union Bank Announces Planned Retirement of Doug Woolley

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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