The valuation of the deal for the Arlington, Va., company 1.8 times tangible book is an encouraging sign for other sellers.
Virginia Commerce Scores Big M&A Premium After Turnaround
- Full access to banking's most comprehensive daily report
- Daily, weekly, and topic-based newsletters and alerts
- Award-winning analysis and insight, focused on bankers' key concerns
- Bimonthly industry research reports
- Morning Scan Plus (Premium e-newsletter)
- American Banker mobile app