In Brief: Deal Would Lift Va. Bank Over $500M Mark

Union Bankshares will acquire King George (Va.) State Bank in a stock swap valued at $7 million. The deal, which still requires shareholder and regulatory approval, would boost Union Bankshares' assets over the $500 million mark.

The bank, which currently has about $453 million of assets, operates primarily in the central part of the state. The deal is expected to close in the third quarter.

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