Atlantic Union Bank plans chief credit officer retirement
Atlantic Union Bankshares Corporation announced that Doug Woolley, executive vice president and chief credit officer of Atlantic Union Bank, plans to retire effective April 1, 2027.
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Rhea-AI Filing Summary
Atlantic Union Bankshares Corporation announced that Doug Woolley, executive vice president and chief credit officer of Atlantic Union Bank, plans to retire effective April 1, 2027. He will remain in his role until either a successor is appointed or he retires.
Woolley, age 68, has been with the bank for more than 21 years and has served as chief credit officer since 2016, helping maintain strong credit discipline and risk management. The bank has engaged an executive search firm and begun a nationwide search, considering both internal and external candidates to ensure an orderly transition.
8-K Event Classification
Key Figures
Key Terms
Regulation FD Disclosure regulatory
chief credit officer financial
risk management financial
credit discipline financial
non-cumulative preferred stock financial
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United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Item 7.01 Regulation FD Disclosure.
On June 3, 2026, Atlantic Union Bank (“Atlantic Union”) announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of his successor’s appointment or the date of his retirement. Atlantic Union has initiated a nationwide search for a successor, engaging a leading executive search firm to help identify both internal and external candidates. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
| Description of Exhibit |
99.1 | Press release dated June 3, 2026 | |
104 | Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATLANTIC UNION BANKSHARES CORPORATION | ||
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Date: June 3, 2026 | By: | /s/ Alexander D. Dodd |
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| Alexander D. Dodd |
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| Executive Vice President and |
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| Chief Financial Officer |
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Exhibit 99.1
Atlantic Union Bank Announces Planned Retirement of Doug Woolley
RICHMOND, Va., June 3, 2026 — Atlantic Union Bank today announced that Doug Woolley, executive vice president and chief credit officer, plans to retire effective April 1, 2027. Woolley will continue to serve in his current role until the earlier of his successor’s appointment or the date of his retirement.
Woolley (68) has been with Atlantic Union Bank for more than 21 years and has served as chief credit officer since 2016. During his tenure, he has played an important role in maintaining the bank’s longstanding commitment to strong credit discipline, supporting its growth, and ensuring a consistent focus on sound risk management and credit quality. “Doug has been a valued member of our executive team and a trusted leader across Atlantic Union Bank,” said John C. Asbury, chief executive officer of Atlantic Union Bank. “Over the course of his career with the bank, he has helped build a strong credit culture and has provided steady leadership and sound judgment through periods of significant growth and change. We are grateful for his many contributions and wish him all the best upon his retirement.”
Atlantic Union Bank has engaged an executive search firm and initiated a nationwide search to identify a successor, including consideration of both internal and external candidates.
“It has been a privilege to be part of Atlantic Union Bank for more than two decades,” said Woolley. “I am proud of what we have accomplished together and grateful for the opportunity to work alongside such a talented group of teammates. I look forward to supporting a smooth transition in the months ahead.”
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland, North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; AUB Investments, Inc., which provides investment services; and Atlantic Union Capital Markets, Inc., which provides capital market services.
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Contact:
Bill Cimino, Senior Vice President and Head of Investor Relations 804.448.0937
Beth Shivak, Senior Vice President and Head of Corporate Communications 804.327.5746