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Frank Russell Ellett is an Independent Director at Atlantic Union Bankshares Corporation (AUB), appointed to the Board effective immediately as announced in a company press release.[[1]](https://investors.atlanticunionbank.com/news-events/press-releases/detail/36/atlantic-union-bankshares-corporation-appoints-frank)[[2]](https://www.nasdaq.com/press-release/atlantic-union-bankshares-corporation-appoints-frank-russell-ellett-to-board-of)[[3]](https://investors.atlanticunionbank.com/corporate-governance/board-of-directors) He currently serves as President of Excel Truck Group, a dealer and distributor for Freightliner and Mack trucks and Wabash National trailers operating in Virginia, North Carolina, and South Carolina, a role he has held since 2003 after various leadership positions there since 1997.[[3]](https://investors.atlanticunionbank.com/corporate-governance/board-of-directors)
Ellett brings extensive executive experience, including roles at Leidos as Chief Human Resources Officer and Head of Business Partnerships (2018-2021) and Senior Vice President and Deputy Group President for the Defense and Intelligence Group (2017-2018), as well as Vice President of Transportation and Financial Solutions at Lockheed Martin Information Systems before its merger with Leidos.[[3]](https://investors.atlanticunionbank.com/corporate-governance/board-of-directors) Previously, he was Chairman of Franklin Community Bank, N.A. and MainStreet BankShares, Inc. (acquired by American National in 2015), and Vice President and Portfolio Manager at Dominion Bankshares, Inc. (acquired by First Union, now Wells Fargo) from 1986 to 1993.[[3]](https://investors.atlanticunionbank.com/corporate-governance/board-of-directors) He serves on the boards of Lifenet Health, Inc. and Armada Hoffler Properties, Inc. (joined 2024, audit and nominating committees), is a former Commissioner and Vice Chairman of the Virginia Port Authority, and a trustee emeritus at the University of Virginia Law School Foundation.[[3]](https://investors.atlanticunionbank.com/corporate-governance/board-of-directors) Recently, as a director, he purchased 15,000 shares of AUB on August 5, 2025, at $31.55 (total $473,250) and 1,441 shares on August 8, 2025, at $31.49 (total $45,377), owning approximately 78,047 shares direct.[[4]](https://www.tipranks.com/news/insider-trading/director-makes-a-bold-move-with-major-stock-purchase-insider-trading-3)[[5]](https://www.secform4.com/insider-trading/883948.htm)[[6]](https://www.tradingkey.com/markets/stocks/nasdaq-aub/company)
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