We’re excited to welcome Xenith Bank, soon to be Union Bank and Trust, to our list of Wine Festival Sponsors and community supporters! They are committed to supporting the communities in which they work and live, with one of their core values being community service.
Headquartered in nearby Richmond, Virginia, Union Bankshares Corporation is the holding company for Union Bank & Trust. In May, 2017 they entered into a definitive merger agreement to acquire Xenith Bank. Combining the two organizations will create the preeminent community banking franchise in Virginia. According to Raymond Smoot, Jr., Chairman of Union Bankshares Corporation’s Board of Directors, in a recent press conference, he stated, “We are excited about the opportunity to bring our companies together to enhance our product and customer service capabilities. We believe our two companies are stronger together and the combination gives Union a unique franchise…”
On that note, the Gloucester business community is just as eager to welcome them to our community! Make sure to stop by the Xenith Table and thank them for their support of this year’s Wine Festival!