Another name change: Xenith Bank to become Atlantic Union

By on April 10, 2019

If you’re already hard-pressed to remember what name your bank is using this week, get ready for another one to  change names and logos.

Xenith Bank, with one Outer Banks location in Kitty Hawk, will change its name to Atlantic Union Bank around mid-year, according to a press release from Union Bank & Trust, Xenith’s parent company.

Richmond-based Union Bankshares, which operates under the tradename Union Bank and Trust, purchased Xenith bank in January 2018 but left the Xenith name in place for their North Carolina locations as another bank in the state was already using the Union Bank name.


In February of this year, Union Bankshares announced the purchase of Access National Bank, which operates branches primarily in northern Virginia.

In their press release, Union Bankshares also revealed they would be uniting all three brands under the newly created name Atlantic Union Bank.

A press release from the company stated: “This will bring consistency to our bank name throughout the Mid-Atlantic.”

“Many banks across the country operate under the Union Bank name. It [Atlantic Union Bank] is a good strong name,” Union Bankshares CEO John Asbury said. “Union Bank & Trust is limited. Atlantic Union Bank is a unique identifier.”

The name change won’t be official until approved by shareholders at the parent company’s annual meeting in early May. The merger is also subject to regulatory approvals.

For those keeping score, the Xenith location in Kitty Hawk was originally known as Gateway Bank, which was founded in Elizabeth City in 1998. At one time Gateway also operated branches at a second location in Kitty Hawk and another branch in Nags Head. Those branches closed shortly after the Bank of Hampton Roads acquisition.

In 2009, Gateway Bank & Trust was purchased by Bank of Hampton Roads, but the Outer Banks locations continued to operate under the Gateway Bank moniker.

In 2016, Bank of Hampton Roads acquired Richmond-based Xenith and adopted the newly acquired bank’s brand for the entire company.

It is estimated the new bank will have combined assets of $16.8 billion, deposits of $12.2 billion and loans of $11.9 billion according to the Union Bank & Trust website.

Atlantic Union will have branches in three states; Virginia, North Carolina and Maryland.

At least initially, Union Bankshares also announced it would continue trading under its NASDAQ stock symbol UBSH.

Dare County Animal Shelter

Sealed bids for completion of the Dare County Animal Shelter will be received on February 11, 2020, in the Dare County Administration Building, 954 Marshall C. Collins Drive, Manteo, NC, for 01-Fencing, 03- Concrete, 04-Masonry, 05-Metals/ Steel, 06-Casework, 07-Roofing, 07-Caulking, 08-Glass and Glazing, 08-Doors, Frames and Hardware, 08-Overhead Doors, 09-Drywall, 09-Flooring, 09-Painting, 10- Specialties, 12-Furnishings, 21-Fire Protection, 23-Mechanical & Plumbing, 26-Electrical, 31-Sitework and 32-Landscaping.

This project will be bid and awarded in accordance with North Carolina law. Sealed proposals from Contractors will be received until 1:00 p.m. All bidders must submit for prequalification by 2:00pm on 2/3/2020. Bids submitted by non-prequalified bidders will not be considered. All bids will be opened and read aloud starting at 2:00 p.m. of the bid day. Bids must be delivered in person and on the supplied Bid Form and include a bid deposit worth 5% of the total bid value. Electronic and faxed bids will NOT be accepted or reviewed. All times are local prevailing times.

Information requests concerning the project shall be submitted in writing to: Alex Palagyi of The Whiting-Turner Contracting Company via email (

Bidding material, prequalification material, and complete plans and specifications may be obtained from the Whiting-Turner Building Connected site and will be available until the bid due date. All subcontractors are responsible for emailing Alex Palagyi ( for access to the Building Connected site.

The Whiting-Turner Contracting Company and Dare County reserve the right to reject any and all bids, waive informalities and irregularities in bidding, and to accept bids which are considered to be in the best interest of the County. The Whiting Turner Contracting Company and Dare County also reserve the right to require any bidder to submit information needed to determine if said bidder is responsible within the meaning of N.C. Gen. Stat. 143-129.

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