Atlantic Union Bank to be a Founding Partner at CarMax Park

RICHMOND, Va. – The Richmond Flying Squirrels and Atlantic Union Bank announced today an expansion of their partnership that will include the Richmond-based regional bank becoming the first Founding Partner at CarMax Park, the new ballpark and community entertainment venue in Richmond expected to open in 2026.

As the official banking partner of the Richmond Flying Squirrels, Atlantic Union Bank will also have exclusive naming rights to the Atlantic Union Bank Lounge, which will feature an elevated game day hospitality experience in a climate-controlled setting with nearly 200 adjoining exterior seats.

The Atlantic Union Bank Lounge is also being designed as a premier event area with the flexibility to host a multitude of events and community functions year-round. The venue is expected to be streaming-ready and fully equipped with professional lighting to host indoor sporting events, such as boxing and wrestling, as well as concerts and other performances. With panoramic views of CarMax Park and more than 6,000-square feet of interior space, the Atlantic Union Bank Lounge will also be a unique destination for corporate conferences, banquets, non-profit fundraisers, weddings and many other events.

As a Founding Partner, Atlantic Union Bank becomes the first of a core group of companies committed to establishing CarMax Park, a cornerstone of the new Diamond District development, as a transformative catalyst for growth in the city of Richmond. In addition to serving as the home of the Flying Squirrels, CarMax Park will provide the Richmond community with a venue to host large-scale events year-round, including concerts, festivals and community gatherings.

Atlantic Union Bank is committed to playing an active role in the communities it serves and supporting its customers where they work and play. Becoming a Founding Partner of this new stadium allows Atlantic Union Bank to be a part of the Richmond community and one of its most well-loved pastimes – baseball. The bank is excited to join its friends, families, neighbors and other businesses in bringing this new venue to Richmond to foster a spirit of togetherness and goodwill.

“Atlantic Union Bank is thrilled to partner with the Richmond Flying Squirrels on this exciting new ballpark and event space,” said John Asbury, CEO of Atlantic Union Bank. “Our organizations have built a long-standing relationship and share a deep passion for the community. Baseball has been a staple in Richmond for over a century, and we are enthusiastic to help usher in a new era for the Flying Squirrels and new opportunities for the city to grow and flourish.”

“We couldn’t be happier to call our friends at Atlantic Union Bank a Founding Partner at CarMax Park,” said Lou DiBella, Managing Partner of the Richmond Flying Squirrels. “The Atlantic Union Bank Lounge is a key component of our new home and will be its most programmed, all-year-round, event area. Besides being a plush club area on game nights, the lounge will be used 365 days a year as a banquet facility and a state-of-the-art, 700-plus person, sports, music and entertainment venue."

Atlantic Union Bank was founded in 1902 in Bowling Green, Virginia as a small, rural bank and has grown to become the largest regional bank headquartered in Virginia. Its community roots date back 123 years and have helped to shape its identity as an authentically human, digitally forward bank.

Construction on CarMax Park is underway and expected to be completed before the start of the Flying Squirrels’ 2026 season. For more information on the project, visit CarMaxPark.com.

About Atlantic Union Bank

Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has 129 branches and approximately 150 ATMs located throughout Virginia and in portions of Maryland and North Carolina as of September 30, 2024. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

About the Richmond Flying Squirrels

The Richmond Flying Squirrels, Double-A Eastern League affiliate of the San Francisco Giants, have established themselves as one of the most recognizable brands in Minor League Baseball since their inaugural season in 2010. Guided by three pillars – be different, be impactful and have FUNN – the organization has ingrained itself in Central Virginia, annually reaching more than 10,000 students through the club's education programs while making 400-plus community appearances. Additionally, the team has renovated multiple youth baseball and softball fields across the city and awarded more than $150,000 in scholarships through its 501(c)(3) nonprofit, Flying Squirrels Charities. The Flying Squirrels consistently rank among the top-drawing teams in MiLB having led the Eastern League in total or average attendance 10 times while topping all 30 Double-A teams in total and average attendance each of the past three seasons. For more information, visit SquirrelsBaseball.com.