In Brief: Target's Shareholders Back Triangle Takeover

RALEIGH, N.C. - Shareholders of the Village Bank, Chapel Hill, last week approved its merger into Triangle Bancorp of Raleigh.

The transaction, announced in May, will likely take place Nov. 1. Triangle will pay about $11 million in stock for the $63 million-asset bank. Triangle is the ninth-largest bank in the state, with $725 million of assets.

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