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Cary Street Partners to Acquire RIA Business from Atlantic Union Bank to Expand in Virginia.

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MANews-(C)2009-2022

Virginia, US-based financial services company Cary Street Partners has agreed to acquire Virginia-based wealth management firm Dixon, Hubard, Feinour and Brown, Inc. (DHFB) from Atlantic Union Bank, a wholly owned subsidiary of Atlantic Union Bankshares Corp., to boost wealth management footprint in Virginia the company said.

Terms of the transaction were not disclosed.

The transaction is scheduled to close by the end of June once all required regulatory approvals are received and any other customary closing conditions are met.

The transaction will give Cary Street Partners additional locations in Roanoke, Charlottesville, and Arlington. With the closing of this latest acquisition, Cary Street Partners will advise nearly 6,000 clients on approximately USD 7bn in assets across all its subsidiaries.

Upon completion of the transaction, Dixon, Hubard, Feinour and Brown...

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