Atlantic Union Bankshares (AUB) has announced an offering of non-cumulative preferred shares. They currently have no other exchange listed preferreds outstanding.
The shares will trade under ticker AUBAP on NASDAQ after a short stint on the OTC grey market (temporary ticker not yet announced).
An optional early redemption period will become available to the bank starting in 2025–on any dividend payment date.
I am not finding any rating on this new issue from the 3 major rating agencies at this time.
Thanks to mcg for being on top of this new issue.