Atlantic Union Bank expanding Henrico presence

Atlantic Union Bank, the largest regional banking company headquartered in the lower Mid-Atlantic, is expanding its corporate offices in Henrico to the tune of about $5.1 million.

The company estimates that it will spend that sum to upgrade an existing two-story, 39,000-square-foot office in Innsbrook to accommodate 50 newly created positions, officials announced this week.

Founded in 1902, AUB has grown to hold $38 billion in assets, originate $30 billion in loans, and employ more than 3,200 people — including more than 460 employees based in Henrico.

“Our growth in Henrico reflects more than just momentum,” said Duane Smith, chief enterprise services officer and chief of staff of Atlantic Union Bank. “It’s a commitment to being the kind of partner our communities deserve. We’re serious about our mission of exceeding customer expectations—not just with the products and services we offer, but with good jobs, meaningful investments, and a genuine desire to make a difference where we live and work.”

To advance its growth plans, AUB leveraged available incentives from Henrico Tomorrow, a comprehensive package of strategic, local resources focused on revitalizing underused office spaces.

“Atlantic Union Bank isn’t just expanding its footprint; it’s investing in the people and future of Henrico,” said Three Chopt District Supervisor Misty D. Roundtree. “From its focus on inclusive procurement to its culture of volunteerism, AUB is helping fortify communities and elevate the quality of life for our residents.

Said Henrico Board of Supervisors Chair and Brookland District Supervisor Dan Schmitt: “We’re thrilled that Atlantic Union Bank has chosen to continue growing in Henrico. Their $5 million investment speaks volumes about the strength of our business environment and the talent of our workforce. This expansion brings high-quality jobs to our community and reinforces Henrico’s reputation as a premier destination for corporate services.”