trending Market Intelligence /marketintelligence/en/news-insights/trending/bKjkOTmwBEVeY70pT1nUuA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Richmond, Va.-based Union Bankshares to close 5 branches by September-end

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Richmond, Va.-based Union Bankshares to close 5 branches by September-end

Richmond, Va.-based UnionBankshares Corp. is closing five additional branches by the end of September,according to an earnings call transcript.

The closure will reduce expenses by approximately $1.5 millionbeginning in the fourth quarter, executives said. The bank said four net branchclosings were completedduring the second quarter, which resulted in $925,000 in annual savings that willreflect in the third quarter, according to the transcript.

The company also expects $400,000 of closing expenses in thethird quarter, executives said.

The bank is approaching the $10 billion threshold and could crossit organically sometime midyear 2019 to midyear 2020 if asset growth is sustained,executives said.