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Henrico’s Essex Bank to lay off 51 employees in merger
Parent company's merger with United Bank expected to close this year
The Henrico County-based parent company of Essex Bank will lay off 51 employees as a result of its merger with Charleston, West Virginia-based United Bankshares Inc., the parent company of
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Community bank consolidations gather steam
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Virginia is seeing a wave of bank mergers and acquisitions, a trend that could intensify, banking experts say. “We could potentially see a record-setting year for bank mergers and acquisitions,”
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Deal would create 38th largest bank in U.S.
Published
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United