atlantic union bankshares aub has announced a merger with american national amnb that is expected to be completed in q1 of 2024 under the terms of the agreement atlantic union bankshares has agreed to give american national 41680 million in in exchange for amnb stock currently neither company has disclosed whether the paymentwill be in cash or in stock atlantic union bankshares corp is a financial holding company and a bank holding company through its community bank subsidiary the company provides financial services including banking trust and wealth management american national bankshares inc is a onebank holding company the bank provides a full array of financial products and services including commercial mortgage and consumer banking trust and investment services and insurance a merger happens when a company combines operations with another company in practice one company will buy the other companys stock in exchange for its own stock in some cases cash is used to pay for the companys stock but usually the companies agree to a stockforstock transaction due to the exchange and acquisition of stock a merger is similar to an acquisition this is why the two terms are commonly grouped together as mergers and acquisitions ma however in a merger the leadership  operations of both companies usually change dramatically while during an acquisition this is less likely to happen make sure to follow our mergers  acquisitions calendar to stayuptodate on the most recent ma deals this article was generated by benzingas automated content engine and reviewed by an editor