United, Virginia Commerce Merger Gets Long-Awaited Fed Approval

By Sarah Todd December 12, 2013, 6:20 p.m. EST 1 Min Read

M&A

Investors in N.J. Finally Gets Fed Approval for Roma Deal

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

By Paul Davis

December 3
M&A

United Bancshares, Virginia Commerce Delay Merger Deadline

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

By Chris Cumming

December 2
M&A

Virginia Commerce Slips as It Awaits Merger Approval

Virginia Commerce Bancshares (VCBI) in Arlington recorded a slight dip in quarterly profit as it waited for final approval of its merger with United Bancshares (UBSI).

By Chris Cumming

October 24
M&A

United Bankshares to Buy Virginia Commerce for $491M

In announcing plans to buy the $2.8 billion-asset Virginia Commerce, United Bankshares has made a deal that will dramatically increase its market share around the nation's capital.

By Chris Cumming

January 30

The Federal Reserve Board has approved a delayed merger between United Bankshares (USBI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington.

The $8.5 billion-asset United agreed in January to buy the $2.8 billion-asset Virginia Commerce for roughly $491 million in stock. The companies missed the original Nov. 30 deadline for the merger because of delays in receiving Fed approval. The companies now expect to complete the merger by Jan. 31.

Sarah Todd

Deputy Editor, BankThink