American National Bankshares Inc. (NASDAQ -AMNB)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of American National Bankshares Inc. (NASDAQ -AMNB)

BALA CYNWYD – July 25 2023 /NewsFile/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of American National Bankshares Inc. (“American National” or the “Company”) (Nasdaq – AMNB) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Atlantic Union Bankshares Corporation (“Atlantic Union”) (NYSE – AUB). Under the terms of the merger agreement, each outstanding share of American National common stock will be converted into the right to receive 1.35 shares of Atlantic Union common stock, valuing the transaction at approximately $416.8 million, or $39.23 per share, based on Atlantic Union’s ten-day weighted average closing stock price ending July 24, 2023.

The investigation concerns whether the American National Board breached its fiduciary duties to shareholders by failing to conduct a fair process resulting in Atlantic Union paying less than full value for the Company.

If you own shares of American National stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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