Union Bankshares Corporation is the holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. The Union Bank & Trust is a commercial bank chartered under the laws of the Commonwealth of Virginia that provides banking, trust, and wealth management services. The company has two reportable segments: its traditional full-service community banking business and its mortgage banking business. Union Bankshares was formerly known as Union First Market Bankshares Corporation and changed its name to Union Bankshares Corporation in April 2014. Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.