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More action in community bank M&A where Virginia Commerce Bancorp (VCBI) agrees to be...

More action in community bank M&A where Virginia Commerce Bancorp (VCBI) agrees to be acquired by United Bankshares (UBSI). The stock deal has a value of $14 based on the 10-day average closing price of United. VCBI closed at $12.21 yesterday, but were around $9.50 two weeks ago when the bank put itself on the block. Book value as of Sept. 30 was $7.63 ... nice.
Comments (1)
  • reliablemgmt
    , contributor
    Comments (5) | Send Message
     
    Great..Been with the Bank since its beginning.
    This will help make up for no dividends and loss in value for these later yrs.
    Tks. Leo H. Cummings Jr. / Mgr. RPMgmt.LLC.
    30 Jan 2013, 06:53 PM Reply Like
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