Century Bancshares in Washington has a deal to buy GrandBank for $8.8 million in stock from $114 million-asset GrandBanc of Rockville, Md.

It would give Century four more branches in the Washington area, where it now has seven.

Century would exchange 0.3318 shares for each share of GrandBanc in the pooling-of-interests deal, which was announced this week and is scheduled to close in the first quarter.

Century Bancshares, the $228 million-asset holding company of Century National Bank, operates mainly in northern Virginia.

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