Business
Atlantic Union Bank Closes Sale of Approximately $2 Billion of Commercial Real Estate Loans to Blackstone
RICHMOND, Va. & NEW YORK, June 26, 2025--Atlantic Union Bankshares Corporation (NYSE: AUB) ("Atlantic Union"), the holding company for Atlantic Union Bank (the "Bank"), and Blackstone (NYSE: BX) jointly announced today the closing of the sale of approximately $2 billion of the Bank’s performing commercial real estate ("CRE") loans acquired from Sandy Spring Bank to vehicles affiliated with Blackstone Real Estate Debt Strategies ("BREDS"). The CRE loan sale was contemplated and announced as part
About this update from Atlantic Union Bankshares Corporation
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