One Valley Bancorp said Tuesday it has a definitive agreement to buy Lynchburg, Va.'s FFVA Financial Corp. for about $204 million in stock.

One Valley, with $4.5 billion of assets, would merge FFVA's subsidiary, $567 million-asset First Federal Savings Bank of Lynchburg, into One Valley Bank of Central Virginia. The deal, expected to close in the second quarter, would boost One Valley's assets in Virginia and West Virginia to $5.4 billion.

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.