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The deal, valued at $303 million, will add Essex’s $1.7 billion in total assets and 24 branches to United’s $27 billion and current network of 223 branches.
Community Bankers is the parent company of Essex Bank, With this acquisition, United Bank will have $29 billion in assets and will rank as the 38th largest U.S. bank, based on market capitalization. United Bank is already the largest community bank based in the D.C. region. This is at least the 33rd acquisition United Bank has made, including recent acquisitions of Cardinal Bank, Bank of Georgetown and Virginia Commerce Bank. With the addition of Community Bankers Trust, it will have 250 branch locations. “This transaction enhances our existing presence in the D.C. Metro, and takes us into ...
Close In this file photo, Saltillo Police Chief Grant Bailey shows off the plaque he received on behalf of the department for their efforts to notify citizens of weather and road conditions during the February ice storm in North Mississippi. Bailey will resign from the police department at the end of the month, bringing to an end a career with the Saltillo Police Department that stretched more than two decades. Thomas Wells | Buy at PHOTOS.DJOURNAL.COM//
Utah’s Salt Lake City metro area is a contender for having one of the hottest emerging housing markets in the West. Its big competitor is Idaho, where out-of-state homebuyers are leaving big cities in search of cheaper homes with more space.