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.
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