ROANOKE, Va. - Dominion Bankshares Corp. said its shareholders have approved the company's proposed acquisition by First Union Corp. of Charlotte, N.C., with a closing expected in early 1993.
Dominion said about 80% of the eligible common shares were voted and 99% of those shares favored the merger, which was announced on Sept. 21. Also, 78% the eligible preferred shares were voted, with a 99% approval rate.
First Union said Dominion and other pending additions would increase its assets to $66 billion from $48.3 billion, making it the country's eighth-largest bank holding company.
