Richmond-based Atlantic Union Bank is gearing up for a full-court press in Raleigh, rolling out a slate of new branches across the Triangle as part of a broader North Carolina push. The effort is designed to seize market share in fast-growing neighborhoods and deepen the bank’s retail and commercial presence. Executives are pitching the campaign as the next stage of a regional growth strategy that follows recent acquisitions and a shored-up balance sheet.
What Atlantic Union Is Planning
According to an investor deck from Atlantic Union Bankshares, the roughly $38 billion-asset bank plans to open 10 new branches in North Carolina over about three years. Seven will land in the Research Triangle and three in Wilmington, with dozens of off-site ATMs slated to follow. Company materials say those brick-and-mortar sites will be paired with expanded commercial, wealth and mortgage teams to fuel deposit gathering and loan growth.
Local coverage from Triangle Business Journal first spotlighted the Triangle-heavy expansion on Monday, underscoring just how aggressively the Richmond player intends to stake out territory in the region.
Expansion Built On Recent Deals
The North Carolina push builds on recent dealmaking that boosted Atlantic Union’s scale, most notably its 2025 acquisition of Sandy Spring Bancorp, which enlarged the bank’s balance sheet and market footprint, according to Business Wire. Financial analysts have cast the new-branch strategy as management’s attempt to turn merger gains into on-the-ground presence in faster-growing markets, a playbook that has shown up in coverage of other regional banks moving into North Carolina.
Observers say the plan fits a broader trend in regional banking, with lenders still willing to invest in physical branches where local deposits are sticky and lending pipelines remain strong, even as much of the industry talks up digital-first banking…