As described in its press release, dated September 10, 2009, and its final prospectus supplement, dated September 10, 2009 (the "Prospectus Supplement") and filed on September 11, 2009 with the Securities and Exchange Commission pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the "Securities Act"), Union Bankshares Corporation (the "Company") entered into an underwriting agreement on September 10, 2009 (the "Underwriting Agreement") with Keefe, Bruyette & Woods, Inc., as representative of the several underwriters (collectively, the "Underwriters"), providing for the offer and sale in a firm commitment offering of 4,725,000 shares of the Company's common stock, par value $1.33 per share, sold by the Company at a price of $13.25 per share ($12.52125 per share, net of underwriting discounts). Pursuant to the Underwriting Agreement, the Company has granted the Underwriters a 30-day option to purchase up to an additional 708,750 shares of the Company's common stock to cover over-allotments, if any.

In the Underwriting Agreement, the Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities arising under the Securities Act, or to contribute to payments the Underwriters may be required to make because of any of those liabilities.

A copy of the Underwriting Agreement is included as Exhibit 1.1 to this report and is incorporated herein by reference.

On September 10, 2009, the Company issued a press release announcing the amount and pricing of its public offering of shares of its common stock.

A copy of the press release is included as Exhibit 99.1 to this report and is incorporated herein by reference.

(d) Exhibits. The following exhibits are being furnished pursuant to Items 1.01 and 8.01 above.

Exhibit No.   Description
1.1           Underwriting Agreement, dated September 10, 2009, by and between Union
              Bankshares Corporation and Keefe, Bruyette & Woods, Inc.

99.1          Press release issued September 10, 2009.