Alliance Bankshares (ABVA) has received almost all of the votes it needs to approve its sale to WashingtonFirst Bankshares, the Washington Business Journal reported.
Unlike many other public companies,
Official results for WashingtonFirst will be released on Monday, and for Alliance on Wednesday. If approved, the deal will close on Dec. 21.
WashingtonFirst, a $596 million-asset company in Reston, Va., agreed to buy Alliance earlier this year for $24 million in cash and stock. It's the second acquisition agreement Alliance has reached in the past year; the $522 million-asset company had agreed to sell to Eagle Bancorp (EGBN) of Bethesda, Md., but the deal was later scrapped because of "irreconcilable differences."