MainStreet BankGroup, Martinsville, Va., said it will buy $80 million-
The price equals 2.4 times Ballston's book value.
The deal would give $1.9 billion-asset MainStreet its third bank in the
It also has eight banking subsidiaries in central and southwestern
James E. Adams, executive vice president and chief financial officer of
This is the second time Ballston has agreed to be bought. Last June
But that deal fell through when Abigail Adams failed to win shareholder
The MainStreet deal is expected to close during the third quarter.