Atlantic Union to transfer stake in investment adviser

Atlantic Union Bankshares in Richmond, Va., has agreed to sell its stake in a Roanoke, Va., investment advisory firm.

The $19.8 billion-asset company disclosed in a regulatory filing Wednesday that it plans to transfer its ownership interest in Dixon, Hubard, Feinour & Brown to Cary Street Partners Financial. 

Atlantic will receive a minority ownership interest in Cary Street in exchange. 

The deal is expected to close on June 30.