Second National Financial Corp., Culpeper, Va., said it would buy Virginia Heartland Bank, Fredericksburg

The buyer's Second National Bank and Trust, with $228 million of assets, operates six branches in four counties. Virginia Heartland, with $100 million of assets, has three branches.

Both banks would keep their charters, management teams, and boards. Second National Financial would be renamed United Virginia Financial Corp.

"We share a common vision with Virginia Heartland Bank," said Ed Barham, president and chief executive officer of Second National. "We both believe there is a need for services only community banks can effectively deliver, but we also know this must be done efficiently to satisfy our shareholders. The larger United Virginia will do both."

The deal, scheduled to close during the third quarter, would give Second National shareholders 75% of the shares of the new company.

United Virginia would be headquartered in Culpeper. William Young, chief executive officer of Virginia Heartland, would be chairman and chief executive officer of the new company until December 2000, at which time Mr. Barham would assume the titles.

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