Atlantic Union adds more duties for bank president

Atlantic Union Bankshares in Richmond, Va., has given a top bank executive more responsibility. 

The $19.9 billion-asset company said in a press release Monday that it had appointed Maria Tedesco to serve as chief operating officer of Atlantic Union Bank. She will remain the bank’s president, a position she has held since 2018. 

In the expanded role, Tedesco will oversee consumer and business banking, wholesale banking, wealth management and mortgages. She will also be responsible for technology and operations, marketing and digital strategy, among other things. 

“Since the day Maria walked through our doors … she has been an incredible asset,” John Asbury, the company’s CEO, said in the release.

“Her customer first approach to our business will continue to serve us well as she takes on the expanded role,” Asbury added. “Uniting these business units will help us better meet our customers’ needs, enhance their experiences, improve internal coordination and respond to our constantly changing environment in an agile manner.” 

Tedesco was the chief operating officer for retail at BMO Harris Bank before she joined Atlantic Union.