CHARLESTON, W. Va. -- One Valley Bancorp of West Virginia said it agreed to buy Mountaineer Bankshares in a stock swap valued at about $130 million.

The deal, which One Valley said will make it the state's biggest bank in assets and deposit share, is valued at a hefty 2.06 times Mountaineer's book value. The price reflects the fervid takeover activity characterizing West Virginia banking.

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