MainStreet BankGroup, Martinsville, Va., has agreed to buy Richmond-
MainStreet said it would pay $13 per share for $74.9 million-asset
The price is 2.5 times Regency's book value.
"Regency has a very attractive location in downtown Richmond," said
This year MainStreet has extended itself north of its southwest Virginia
MainStreet this summer announced plans to buy two other banks-Tysons
The Regency acquisition is expected to close in the second quarter.
Once all three deals closed, MainStreet would own 11 banks and a trust