United Bankshares (NASDAQ:UBSI): Current price $25.48
The firm will merge with Virginia Commerce Bancorp (NASDAQ:VCBI), according to United’s Chairman and Chief Executive Richard M. Adams, who announced the agreement on Wednesday. The purchase of Virginia Commerce will allow United the opportunity to significantly boost its existing footprint in the Washington Metropolitan Statistical Area. VCBI is headquartered in Arlington, Virginia, and holds $2.8 billion in assets and 28 banking offices, along with one residential mortgage origination office and one wealth management office.
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