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Union Bankshares Corporation Announces Agreement to Acquire Access National Corporation

Union Bankshares Corporation ("Uniona??) (Nasdaq: UBSH) and Access
National Corporation ("Accessa??) (Nasdaq: ANCX) jointly announced today
that they have entered into a definitive merger agreement for Union to
acquire Access in an all-stock transaction. Combining the two
organizations will create the leading Virginia-based regional bank with
an unmatched presence across the Commonwealth.


Based on financial data as of June 30, 2018, the combined company would
have total assets of $16.0 billion, total deposits of $11.9 billion and
gross loans of $11.4 billion. This transaction strengthens Uniona??s
presence in Virginiaa??s most populous market, Northern Virginia.


"We are excited about the opportunity to bring our companies together to
enhance both our products and customer service capabilities,a?? said
Raymond D. Smoot, Jr., Chairman of Uniona??s Board of Directors. "We
believe that our two companies are stronger together, and the
combination gives Union a uniquely valuable franchise to create long
term shareholder value.a??


"We expect that our combined footprint will bring additional convenience
to our customers and position us as an even stronger competitor against
the large national banks, super regional banks and smaller community
banks alike a?? solidifying our position as Virginiaa??s bank,a?? said John C.
Asbury, President and Chief Executive Officer of Union. "The combination
with Access delivers on our stated priorities for this year as well as
our market expansion goals in Northern Virginia. Access brings extensive
commercial and industrial lending expertise as well as strong wealth
management and trust businesses in addition to their attractive
Middleburg Bank retail operation. Increasing our presence in Northern
Virginia is a priority for Union as it is Virginiaa??s largest market and
will substantially complete our Virginia franchise. With a more
diversified loan portfolio and deposit base, efficiencies gained and
enhanced growth market opportunities, the combined franchise will be
able to sustainably generate a higher level of top-tier financial
performance for our shareholders.a??
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