Founded in 2009 in Richmond, Virginia, Xenith Bankshares, Inc. operated as a community bank serving businesses, professionals, and individuals. It focused on providing a range of services including commercial and industrial loans, commercial real estate lending, and treasury management. Through strategic acquisitions and organic growth, it expanded its presence across Virginia, North Carolina, and Maryland. In a significant merger of equals, Xenith Bank merged with Union Bank & Trust in January 2018. The combined entity was subsequently rebranded as Atlantic Union Bank, which is now one of the largest community banks in the Mid-Atlantic region.