Union First Market Bankshares (UBSH) announces it will merge with Stellarone (STEL) in a stock...

|About: Union Bankshares Corporation (UBSH)|By:, SA News Editor

Union First Market Bankshares (UBSH) announces it will merge with Stellarone (STEL) in a stock deal which works out to roughly $19.50 per STEL share. The combined company will keep the Union name and run community banks in Virginia. STEL +5.8% premarket.