Strengthening its market share in Virginia, First Union Corp. said Tuesday that it had agreed to acquire Ameribanc Investors Group for $108 million in stock.

Ameribanc Investors Group, of Annandale, Va, is the holding company for Ameribanc Savings Bank, which has $1.1 billion in assets, $752 million in deposits, and 29 branches, mostly in the northern part of the state.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.