Atlantic Union Bank donates building to Bowling Green
The bank traces its roots to bank founded there in 1902.
Richmond-based Atlantic Union Bank has donated a 480-square-foot building to the Town of Bowling Green, which will use it as the town’s new economic development office, the bank announced Monday.
Atlantic Union Bank traces its origins back to the Caroline County Bank, which opened in Bowling Green in 1902 and later became known as Union Bank & Trust.
The bank acquired the building it’s donating to the town in the 1990s. Located in the town’s historic district, the building has been used as law offices and a visitor center and local history museum. It also once housed the local newspaper, The Caroline Progress.
“Atlantic Union Bank is grateful for this unique opportunity to give back to the Town of Bowling Green and Caroline County where the bank was founded in 1902,” Atlantic Union Bankshares Cop. President and CEO John C. Asbury said in a statement. “Since we acquired this property in the 1990s, the bank has continued the building’s long history of serving the community over the years including supporting efforts to promote tourism, economic development and local history in the community.”
A ribbon-cutting ceremony will take place on Dec. 10 at 3 p.m. and a plaque will be placed on the building’s exterior.
“Donating the property for office space reiterates the momentum of economic growth in Bowling Green and also serves as a generous act toward sustaining the longtime community relationship between the Town of Bowling Green and the original home of Atlantic Union Bank’s inception under Union Bank & Trust,” said Jo-Elsa Jordan, the town’s events and economic development coordinator, in a statement. “As business builds and population increases, we believe that providing staff with resources to succeed is a win-win for the town and the bank.”
Atlantic Union Bank has 149 branches and approximately 170 ATMs located throughout Virginia, Maryland and North Carolina.
Editor’s note: This story has been corrected and updated from a previous version.