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United will acquire 100% of the outstanding shares of VCBI in exchange for common shares of United.
Tickers featured: ALAB, B, CBH, CNB, FCB, FULT, GBTS, HARB, HBHC, LION, MRBK, NCFT, PBKS, S, SFI, SNV, STBA, UBSI, UCBI, VCBI, WB.
Prior to joining The Business Bank, Marks was employed for eight years with Virginia Commerce Bank (NASDAQ: VCBI) as a vice president and branch manager in its King Street office located in Alexandria.
31 January 2013 -- West Virginia, USA-based bank holding company United Bankshares Inc (NASDAQ: UBSI) said it has signed a definitive merger agreement with Virginia Commerce Bancorp Inc (NASDAQ: VCBI).
The exchange ratio values VCBI at USD490.6m (EUR362.3m), or USD14.00 per share, based on Uniteda[euro](tm)s ten-day average closing price of USD25.73 as of 29 January.
Tickers featured: CBKN, CBMD, FRBK, HBHC, RJF, STI, TSFG, VCBI, WB, WSFS.
Virginia Commerce Bancorp Inc (NASDAQ: VCBI), the parent company of Virginia Commerce Bank, has reported its financial results for the fourth quarter and year ended December 31, 2013.
18 January 2013 -- Arlington, USA-based bank holding company Virginia Commerce Bancorp, Inc., (NASDAQ: VCBI) said it repurchased all preferred stock issued under the US TARP capital purchase programme, a move confirmed in its Q4 financial results release.
Virginia Commerce Bank (NASDAQ: VCBI) has named two senior commercial lending officers in its Loudoun and Western Fairfax Regions.
Tickers featured: ASO, BAC, BBX, BKUNA, BXS, CFNL, FBTX, FFFL, MRBK, PBKS, PNFP, PRSP, SBCF, SBIT, SOV, STI, SUSQ, TRMK, VCBI, WMT.
United Bankshares Inc (NASDAQ: UBSI) and Virginia Commerce Bancorp Inc (NASDAQ: VCBI) have received regulatory approval from the board of governors of the Federal Reserve System for the merger of Virginia Commerce with and into George Mason Bankshares Inc, a wholly-owned direct subsidiary of United.
15 January 2013 -- Arlington, Virginia, USA-based Virginia Commerce Bancorp Inc (NASDAQ: VCBI) said that its board of directors has initiated a formal review of strategic alternatives to enhance shareholder value, including a possible merger, sale or other form of business combination.
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