Premier Financial Bancorp Inc. in Huntington, W.Va., has agreed to buy the struggling Abigail Adams National Bancorp Inc. in Washington for $10.9 million in stock.

The acquisition would unite a pair of companies that already have strong ties. Marshall Reynolds, a Huntington businessman, is a director at and the largest shareholder of both the $732 million-asset Premier and Abigail Adams. The relationship between the two companies has gotten cozier since Jeanne Delaney Hubbard resigned as Abigail Adams' chairman, president, and chief executive officer in September and was replaced by Premier's president and CEO, Robert W. Walker.

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