Union Bank & Trust Announces Leadership Change
May 03 2018 - 8:00AM
Union Bank & Trust (“Union”) today announced John G. Stallings
has changed positions to become Senior Executive Vice President as
he focuses on a health concern.
"I was diagnosed with cholangiocarcinoma, a relatively rare
disease also known as bile duct cancer," said John Stallings.
"As I continue to respond well to the excellent medical care from
my Massey Cancer Center team, it is best that I now step back from
my role as President of the Bank to strike a balance between my
work duties and my health. In my new role at Union, I am excited to
remain engaged and continue to contribute to the success of our
clients and the bank. I believe that Union is the premier bank in
our footprint and am proud to be a part of the first regional bank
headquartered in Virginia in more than 20 years."
“John has made a meaningful contribution to Union and our
priority, at this time, is to ensure he is in the best position to
successfully address his medical needs. I am pleased he will
be able to do so while continuing to help the bank as a key advisor
to me and assisting our leadership team with business development
and talent acquisition,” said John C. Asbury, CEO of Union Bank
& Trust. “His positive, can-do attitude embodies the
culture of Union.”
Effective immediately, Asbury has been reappointed President of
Union Bank & Trust and the bank will conduct a national search
for a President. In his new role, Stallings will continue to
report to Asbury and remain a part of the bank’s executive
leadership team.
ABOUT UNION BANKSHARES
CORPORATIONHeadquartered in Richmond, Virginia, Union
Bankshares Corporation (NASDAQ:UBSH) is the holding company for
Union Bank & Trust, which has 150 branches, 39 of which are
operated as Xenith Bank, a division of Union Bank & Trust of
Richmond, Virginia, and approximately 216 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.
and Dixon, Hubard, Feinour, & Brown, Inc., which both provide
investment advisory services, and Union Insurance Group, LLC, which
offers various lines of insurance products.
Contact: Investors: Bill
Cimino (804) 448-0937, VP and Director of Investor RelationsMedia:
Beth Shivak, (804) 327-5746, VP and Director of Corporate
Communications
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