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Atlantic Union Bank Helps 10,000 Small Businesses Receive $1.7 Billion Through the SBA Paycheck Protection Program

Atlantic Union Bankshares Corporation (AUB)  More Company Research Source: GlobeNewswire
Last atlantic union bankshares corporation earnings: 4/28 07:30 am Check Earnings Report
RICHMOND, Va., April 30, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bank today announced that it has successfully received Small Business Administration (SBA) approval for more than 10,000 loans totaling over $1.7 billion through the Paycheck Protection Program (PPP). The Bank reports that approximately 80 percent of the clients to whom it has originated PPP loans operate businesses with less than 20 employees, with the median size for all loans made being approximately $45,000. The Bank plans to continue processing loans for current and new customers until the current round of PPP funding is depleted. “Since the SBA PPP was announced, we have kept our customers and our communities at the center of all our decisions related to the program. We continued to accept loan applications after the first round of funding closed, we continued to perfect our technology and processes, and we invited new customer applications,” said John Asbury, CEO and President of Atlantic Union Bankshares. “Our [Read more]
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Stockreport

Atlantic Union Bank Helps 10,000 Small Businesses Receive $1.7 Billion Through the SBA Paycheck Protection Program

Atlantic Union Bankshares Corporation  (AUB) 
More Company Research Source: GlobeNewswire
Last atlantic union bankshares corporation earnings: 4/28 07:30 am Check Earnings Report
RICHMOND, Va., April 30, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bank today announced that it has successfully received Small Business Administration (SBA) approval for more than 10,000 loans totaling over $1.7 billion through the Paycheck Protection Program (PPP). The Bank reports that approximately 80 percent of the clients to whom it has originated PPP loans operate businesses with less than 20 employees, with the median size for all loans made being approximately $45,000. The Bank plans to continue processing loans for current and new customers until the current round of PPP funding is depleted. “Since the SBA PPP was announced, we have kept our customers and our communities at the center of all our decisions related to the program. We continued to accept loan applications after the first round of funding closed, we continued to perfect our technology and processes, and we invited new customer applications,” said John Asbury, CEO and President of Atlantic Union Bankshares. “Our [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AUB
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS