Local Business Alert: United Bankshares to buy Virginia Commerce for $490.6M

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Local Business Alert from The Washington Post
United Bankshares to buy Virginia Commerce for $490.6M
The Washington Post Wednesday, January 30, 2013 11:32:05 AM

Local Business Alert

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United Bankshares to buy Virginia Commerce for $490.6M

United Bankshares has agreed to buy Arlington-based Virginia Commerce Bancorp in an all-stock deal valued at $490.6 million, the companies announced Wednesday.

The acquisition, which would create the eighth largest bank in the Washington metropolitan area, comes less than three weeks after Virginia Commerce publicly announced that it had put itself up for sale.

Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/united-bankshares-to-buy-virginia-commerce-for-4906m/2013/01/30/c80eefa4-6af5-11e2-95b3-272d604a10a3_blog.html





For visit news on doing business in, around and with the Capital region, visit The Washington Post's Local Business section or Capital Business.

johnmhames1.lightofdiogenes@blogger.com

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