John Asbury
The CEO of Atlantic Union Bank and incoming chair of the American Bankers Association discusses the pending purchase of Sandy Spring Bancorp and the state of the banking industry.
President, Chief Executive Officer & Director, Atlantic Union Bankshrs Crp
Search every verified John Asbury interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. John Asbury, president and CEO of Atlantic Union Bankshares, discussed the company's pending acquisition of Sandy Spring Bancorp in an October 2024 podcast interview. He described Sandy Spring as a "wonderful financial institution" with a complementary footprint, noting the two companies share history and that Atlantic Union already operates in Maryland. Asbury also addressed the financial mechanics of the deal, stating that the transaction involves a capital raise due to interest rate marks on the loan portfolio, as well as a loan portfolio sale. Asbury also spoke about his role as incoming chairman of the American Bankers Association and his leadership philosophy. He recounted how he recruited Maria Tedesco as president, calling her "the best leader I've ever worked with" and "better manager than me." He emphasized his banking principles, which he attributed to his training under former Wachovia CEO John Medlin, prioritizing "soundness, profitability, and growth in that order of priority," and expressed skepticism toward aggressive growth strategies in the industry.
The CEO of Atlantic Union Bank and incoming chair of the American Bankers Association discusses the pending purchase of Sandy Spring Bancorp and the state of the banking industry.
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Around 150 Hokies, including alumni, students, faculty, and staff, gathered in New York City for the Hokies on Wall Street reception hosted by the Pamplin College of Business. Attendees were treated to a program and an evening of networking and discourse. The event featured a panel discussion, moderated by Interim Dean Robin Russell, on current issues impacting the finance industry. Experts featured on the panel included: Viral Acharya, C.V. Starr Professor of Economics, NYU; John Asbury ’87, chief executive officer, Atlantic Union Bank; Mike Clarke ’83, senior portfolio advisor, FJ Capital M…
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