Pillar+Aught advised PNC FIG Advisory, part of PNC Capital Markets LLC, in its role as exclusive placement agent for Union Bankshares, Inc., the holding company for Union Bank, in connection with the successful completion of a $16.5 million private placement of fixed-to-floating rate subordinated notes to certain qualified institutional buyers and institutional accredited investors. Co-founder Ken Rollins led the Pillar+Aught team.
More information on the transaction is available in the Press Release below.