Union Bankshares Corporation Announces Secondary Offering
January 23 2018 - 4:01PM
Union Bankshares Corporation (“Union”) today announced the launch
of an underwritten secondary public offering of a total of
7,931,926 shares of its common stock, all of which will be offered
by two selling shareholders, ACMO-HR, L.L.C. and Carlyle Financial
Services Harbor, L.P. Union will not receive any proceeds
from the offering.
Keefe, Bruyette & Woods, Inc., A Stifel Company, Sandler
O’Neill + Partners, L.P. and Raymond James & Associates, Inc.
are serving as active bookrunners for the offering and Barclays
Capital Inc. is serving as a joint bookrunner for the offering.
The shares are being offered pursuant to an automatic shelf
registration statement under the Securities Act of 1933, as
amended, which was previously filed and automatically became
effective on September 8, 2017 (File No. 333-220398). The offering
is being made only by means of a prospectus supplement and
accompanying prospectus. A preliminary prospectus supplement
has been filed with the Securities and Exchange Commission (the
“SEC”) to which this communication relates. Potential purchasers of
our common stock should consider carefully the information
contained in the preliminary prospectus supplement and the
accompanying prospectus and other documents that Union has filed
with the SEC for more complete information about Union and the
offering. When available, copies of the preliminary prospectus
supplement and the accompanying prospectus related to the offering
may be obtained by contacting: Keefe, Bruyette & Woods, Inc., A
Stifel Company, Equity Capital Markets, 787 Seventh Avenue, 4th
Floor, New York, NY 10019, by e-mail to USCapitalMarkets@kbw.com,
or by calling toll-free: (800) 966-1559; Sandler O’Neill +
Partners, L.P. by calling toll-free at 1-866-805-4128 or by
emailing syndicate@sandleroneill.com; or Raymond James &
Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716,
or by calling (800) 248-8863 or by emailing
prospectus@raymondjames.com. Investors may also obtain copies of
these documents free of charge by visiting the SEC’s website at
www.sec.gov.
NO OFFER OR SOLICITATIONThis press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, these securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering may be made only by means of the
prospectus supplement and accompanying prospectus, which have been
or will be filed with the SEC.
ABOUT UNION BANKSHARES CORPORATIONHeadquartered
in Richmond, Virginia, Union Bankshares Corporation (Nasdaq:UBSH)
is the holding company for Union Bank & Trust, which has 150
banking offices, 39 of which are operated as Xenith Bank, a
division of Union Bank & Trust of Richmond, Virginia, and
approximately 220 ATMs located throughout Virginia and in portions
of Maryland and North Carolina. Union Bank & Trust also
operates Shore Premier Finance, a specialty marine lender.
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.
Contact: Bill Cimino (804) 448-0937, VP and Director of
Investor Relations
Union Bankshares Corp (NASDAQ:UBSH)
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