UBSH Union Bankshares Corp.

Union Bankshares Corporation today announced that it has been advised by CapGen Capital Group VI LP that CapGen fully exited its position in Union Bankshares common stock through a distribution to its limited partners.

In its last public filing of a Schedule 13D/A on April 27, 2018, CapGen stated that it held at that time 3,138,579 shares or 4.8% of the total shares outstanding of Union Bankshares common stock.

ABOUT UNION BANKSHARES CORPORATIONHeadquartered in Richmond, Virginia, Union Bankshares Corporation (Nasdaq: UBSH) is the holding company for Union Bank & Trust. Union Bank & Trust has 140 branches, 7 of which are operated as Xenith Bank, a division of Union Bank & Trust of Richmond, Virginia, and approximately 200 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Non-bank affiliates of the holding company include: 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:  Bill Cimino (804) 448-0937, VP and Director of Investor Relations