West Virginia bank acquires Virginia Savings Bancorp
June 01, 2012 3:33 PMCharleston, W.Va.-based City Holding Co. has completed its $13.4 million acquisition of Virginia Savings Bancorp., increasing the City’s assets to $2.9 billion and its banking offices to 73.
Front Royal-based Virginia Savings Bancorp, the parent company of Virginia Savings Bank, had $133 million in assets and $120 million in deposits on April 30.
City previously operated only in West Virginia, Kentucky and Ohio.
As a result of the acquisition, it now has locations in Front Royal, Winchester, Strasburg, Woodstock and Stephens City.
The deal was announced in November.
Reader Comments
There are no comments for this entry
Submit Your Comments Below *registration required