{"id":853605,"date":"2025-05-22T07:02:05","date_gmt":"2025-05-22T11:02:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/atlantic-union-bankshares-announces-planned-retirement-of-robert-m-gorman-evp-and-chief-financial-officer\/"},"modified":"2025-05-22T07:02:05","modified_gmt":"2025-05-22T11:02:05","slug":"atlantic-union-bankshares-announces-planned-retirement-of-robert-m-gorman-evp-and-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/atlantic-union-bankshares-announces-planned-retirement-of-robert-m-gorman-evp-and-chief-financial-officer\/","title":{"rendered":"Atlantic Union Bankshares Announces Planned Retirement of Robert M. Gorman, EVP and Chief Financial Officer"},"content":{"rendered":"

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Atlantic Union Bankshares Announces Planned Retirement of Robert M. Gorman, EVP and Chief Financial Officer<\/b><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–
\nAtlantic Union Bankshares Corporation (\u201cAtlantic Union\u201d) today announced the planned retirement of Robert M. Gorman, executive vice president and chief financial officer of Atlantic Union and Atlantic Union Bank, which is expected to occur on or before March 31, 2026. Gorman will continue to serve in these roles until the earlier of his successor\u2019s appointment or the date of his retirement. Following the appointment of a successor, he will continue in an advisory capacity to assist with the transition. Atlantic Union has initiated a nationwide search for a successor, engaging a leading executive search firm to help identify both internal and external candidates.\n<\/p>\n

\nGorman has served as chief financial officer of Atlantic Union since 2012 and has played a key role in Atlantic Union\u2019s growth and performance. When he joined the company, Atlantic Union was a $4 billion asset community bank focused primarily on serving customers in Richmond, Virginia and surrounding areas. Today, Atlantic Union has grown to nearly $40 billion in total assets and is the largest regional bank headquartered in the lower Mid-Atlantic.\n<\/p>\n

\n\u201cRob\u2019s focus on delivering top-tier financial performance and creating long-term shareholder value has established Atlantic Union as a well-respected market leader,\u201d said Chief Executive Officer John Asbury. \u201cWe are grateful for his dedication, sound advice, leadership and consistently selfless approach to his role. We congratulate Rob as he prepares to conclude his distinguished career and enter his next chapter of a well-earned retirement. On behalf of all of us at Atlantic Union, we wish to thank Rob for all he has done for our company, Teammates and shareholders.\u201d\n<\/p>\n

\n\u201cIt has been a great privilege to serve as Atlantic Union\u2019s chief financial officer over the past 13 years and to work alongside John and such a talented and dedicated group of banking professionals,\u201d said Gorman. \u201cTogether, we have achieved significant milestones, navigated numerous challenges and built a strong foundation for the future. I believe that Atlantic Union is well-positioned to continue to generate sustainable, profitable growth and to build long-term value for our shareholders.\u201d\n<\/p>\n

About Atlantic Union Bankshares Corporation<\/b><\/p>\n

\nHeadquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located throughout Virginia, Maryland and in portions of North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.\n<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

\nCertain statements in this press release may constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, but are not limited to, statements regarding our outlook and expectations, including that we are well-positioned to continue to generate sustainable, profitable growth and to build long-term value for our shareholders. Such statements are often characterized by the use of qualified words (and their derivatives) such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201canticipate,\u201d \u201ccould,\u201d \u201cshould,\u201d and \u201cwould,\u201d as well as words of similar meaning or other statements concerning opinions or judgment of us or our management about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Actual future results, performance, achievements or trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to, the effects of or changes in:\n<\/p>\n