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Atlantic Union Bank
Atlantic Union Bankshares Corporation ("the Company") is a bank holding company headquartered in Richmond, Virginia which has Virginia roots dating back to 1900. Through its subsidiaries, the Company offers a wide range of personal and business financial services including checking and savings accounts, credit cards, various lending products, and wealth management. With 114 branches across Virginia, Maryland, and North Carolina, Atlantic Union Bank ("the Bank") is the Company's primary subsidiary. History Atlantic Union Bank The Bank was founded as First Market Bank, FSB on November 4, 1997 in Memphis, Tennessee as a joint venture between Ukrop's Food Group and National Bank of Commerce (Memphis), National Commerce Bancorporation, later acquired by Suntrust Banks. In March 2005, the Bank relocated its headquarters to Richmond. In March 2006, SunTrust sold its 49% interest in the Bank to Markel Corporation, a property and casualty insurer, for $82.6 million. On February 1, 201 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ...
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Ukrop's Food Group
Ukrop's is an American company that operates a central bakery and kitchen producing baked goods and prepared meals. Its baked goods are marketed under Good Meadow and Ukrop's brand. In 1976 Ukrop's bought Dot's Pastry Shop, a well-known bakery in Richmond. It used the name Dot's Pastry Shop for years before changing it to Ukrop's Bakery. From 1937 to 2010 the Ukrop family operated supermarkets in Richmond and its surrounding area under the corporate name Ukrop's Super Markets, but the family sold its retail grocery operations to Giant-Carlisle, a subsidiary of Netherlands-based Ahold. The name was changed to Martin's. History Ukrop's Super Markets was founded in 1937 by Joseph Ukrop. The company had 26 stores, mostly in the Richmond area, as well as one store in Williamsburg, and one each in Colonial Heights, Petersburg, and Fredericksburg. An additional Williamsburg location and a Roanoke location closed during 2009 due to low sales and limited brand recognition in those ...
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Banks Established In 1997
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ...
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American Companies Established In 1997
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ...
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Banks Based In Virginia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ...
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1997 Establishments In Tennessee
File:1997 Events Collage.png, From left, clockwise: The movie set of ''Titanic (1997 film), Titanic'', the List of highest-grossing films, highest-grossing movie in history at the time; ''Harry Potter and the Philosopher's Stone'', is published; Comet Hale-Bopp passes by Earth and becomes one of the most observed comet, comets of the 20th century; Golden Bauhinia Square, where sovereignty of Hong Kong is Handover of Hong Kong, handed over from the United Kingdom to the People's Republic of China; the 1997 Central European flood kills 114 people in the Czech Republic, Poland, and Germany; Korean Air Flight 801 crashes during heavy rain on Guam, killing 229; Mars Pathfinder and Sojourner (rover), Sojourner land on Mars; flowers left outside Kensington Palace following the death of Diana, Princess of Wales, in a car crash in Paris., 300x300px, thumb rect 0 0 200 200 Titanic (1997 film) rect 200 0 400 200 Harry Potter rect 400 0 600 200 Comet Hale-Bopp rect 0 200 300 400 Death of Diana ...
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The Virginian-Pilot
''The Virginian-Pilot'' is the daily newspaper for Norfolk, Virginia. Commonly known as ''The Pilot'', it is Virginia's largest daily. It serves the five cities of South Hampton Roads as well as several smaller towns across southeast Virginia and northeast North Carolina. It was a locally owned, family enterprise from its founding in 1865 at the close of the American Civil War until its sale to Tribune Publishing in 2018. The ''Virginian-Pilot'' is owned by parent company, '' Tribune Publishing''. This company was acquired by Alden Global Capital, which operates its media properties through Digital First Media, in May 2021. Pulitzer Prizes The newspaper has won three Pulitzer Prizes. The first was won in 1929 by editor Louis Jaffe, who received the Pulitzer Prize for Editorial Writing for "An Unspeakable Act of Savagery", an editorial which condemned lynching. Jaffe mentored the paper's next editor, Lenoir Chambers, who in 1960 received the same prize for his editoria ...
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Hampton Roads
Hampton Roads is the name of both a body of water in the United States that serves as a wide channel for the James River, James, Nansemond River, Nansemond and Elizabeth River (Virginia), Elizabeth rivers between Old Point Comfort and Sewell's Point where the Chesapeake Bay flows into the Atlantic Ocean, and the surrounding metropolitan region located in the southeastern Virginia and northeastern North Carolina portions of the Tidewater (region), Tidewater Region. Comprising the Virginia Beach–Norfolk–Newport News, VA–NC, metropolitan area and an extended combined statistical area that includes the Elizabeth City, North Carolina micropolitan area, Elizabeth City, North Carolina, micropolitan statistical area and Dare County, North Carolina, Kill Devil Hills, North Carolina, micropolitan statistical area, Hampton Roads is known for its large military presence, ice-free harbor, shipyards, coal piers, and miles of waterfront property and beaches, all of which contribute to th ...
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PR Newswire
PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. History PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in New York City for the first 15 years of its operation. The company used telecommunications lines and teleprinters owned by West ...
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Richmond Times Dispatch
The ''Richmond Times-Dispatch'' (''RTD'' or ''TD'' for short) is the primary daily newspaper in Richmond Richmond most often refers to: * Richmond, Virginia, the capital of Virginia, United States * Richmond, London, a part of London * Richmond, North Yorkshire, a town in England * Richmond, British Columbia, a city in Canada * Richmond, California, a ..., the capital of Virginia, and the primary newspaper of record for the state of Virginia. Circulation The ''Times-Dispatch'' has the second-highest circulation of any Virginia newspaper, after Norfolk, Virginia, Norfolk's ''The Virginian-Pilot''. In addition to the Richmond area (Petersburg, Virginia, Petersburg, Chester, Virginia, Chester, Hopewell, Virginia, Hopewell, Colonial Heights, Virginia, Colonial Heights and surrounding areas), the ''Times-Dispatch'' has substantial readership in Charlottesville, Lynchburg, Virginia, Lynchburg, and Waynesboro, Virginia, Waynesboro. As the primary paper of the state's capital, the ''Time ...
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Markel Corporation
Markel Corporation is a holding company for insurance, reinsurance, and investment operations around the world. Headquartered in Richmond, Virginia, and founded in 1930, Markel reports its ongoing underwriting operations in three segments, and products originate from three insurance divisions and one reinsurance division. Through Markel Ventures, they allocate capital to invest in opportunities outside of insurance. History Company founder Samuel A. Markel formed the Mutual Casualty Association and established the Mutual Casualty Company in Norfolk, Virginia. The company headquarters later moved to Richmond, Virginia. Sam Markel's four sons, Lewis, Irvin, Stanley, and Milton, joined the growing business in the 1930s, and Markel Service, Inc. was created. During this time, Markel was actively involved in efforts to develop safety and other standards aimed at legitimizing the growing bus and trucking industries. Markel also assisted in passing the National Motor Carrier Act of 1 ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of t ...
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