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Federal Reserve approves Union Bankshares, First Market Bank merger

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Union Bankshares Corp. and First Market Bank could merge as soon as Feb. 1 after receiving approval from the Federal Reserve Bank of Richmond.

The holding companies plan to merge their banks in March. The combined bank will be called Union First Market Bank. Union Bankshares will changes its name to Union First Market Bankshares Corp. and move its headquarters from Bowling Green to Richmond.


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