Atlantic Union tops Q2 common equity issuances by U.S. banks – report

Atlantic Union Bankshares (NYSE:AUB) led the common equity issuances by U.S. banks in the second quarter, a report by S&P Global Market Intelligence showed.

The Glen Allen, VA-based lender raised $386.4M during the quarter, having closed an all-stock acquisition of Sandy Spring Bancorp (SASR) on April 1.

Orange County Bancorp’s (OBT) $46M stock offering was the second-largest common equity issuance, noted the report.

Winchester Bancorp (WSBK) followed with the closing of a $40M initial public offering on April 30, according to Market Intelligence.

Other big equity issuances include:

• Marathon Bancorp’s (MBBC) $16.9M offering
• Patriot National Bancorp’s (PNBK) $10.7M offering
• Oak View Bankshares’ (OTCPK:OAKV) $7.8M offering

Senior debt issuances

Wells Fargo & Company (WFC) reportedly led the senior debt issuances by U.S. banks, having raised $8B during the second quarter.

JPMorgan Chase (JPM) was the next on the list. The New York, NY-based banking giant is said to have issued $6B worth of senior debt.

Other significant senior debt offerings include:

• Citigroup’s (C) $4.35B offering
• Bank of America’s (BAC) $3B offering
• State Street’s (STT) $2B offering
• Bank of New York Mellon’s (BK) $2B offering
• PNC Financial’s (PNC) $1.25B offering
• M&T Bank’s (MTB) $750M offering