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United Bankshares (UBSI) in Charleston, W. Va., posted higher quarterly earnings due largely to reduced expenses.
October 29 -
Virginia Commerce Bancshares (VCBI) in Arlington recorded a slight dip in quarterly profit as it waited for final approval of its merger with United Bancshares (UBSI).
October 24 -
In announcing plans to buy the $2.8 billion-asset Virginia Commerce, United Bankshares has made a deal that will dramatically increase its market share around the nation's capital.
January 30
United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.
The companies agreed to move the closing deadline to Jan. 31, they announced last week. The original deadline has been Nov. 30.
Both companies' boards and the Virginia State Corporation Commission have approved the deal, but it is still pending before the Federal Reserve.
The $8.5 billion-asset United agreed to pay about $491 million to
"We are looking forward to having the largest community bank headquartered in the Washington, D.C., [metro area]," United Chief Executive Richard Adams said.
Another bank, Mercantile Bank (MBWM), announced last week that