CHARLESTON, W. Va. -- Key Centurion Bancshares Inc. said it has agreed in principle to acquire People's Bank of Charles Town.

Key Centurion said it would exchange 1.5 shares of its common stock for each share of People's. The indicated market value is $2.5 million.

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.