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United Bankshares Inc And Virginia Commerce Bancorp, Inc announce extended termination date for merger

Friday, 29 Nov 2013 02:00pm EST 

United Bankshares Inc:Says the company and Virginia Commerce Bancorp, Inc have entered into a joint waiver and agreement with respect to the Agreement and Plan of Reorganization, dated as of Jan. 29.Says as amended, among United Bankshares, Inc. its subsidiary George Mason Bankshares, Inc. and Virginia Commerce Bancorp, Inc. to extend from Nov. 30, 2013 to Jan. 31, 2014 the termination date for the merger agreement.Says establish Jan. 31, 2014 as the closing date for the merger of Virginia Commerce with and into George Mason consistent with the currently scheduled data conversion.Says they have received regulatory approval for the Merger from the Virginia State Corporation Commission, but have not yet received regulatory approval from the Board of Governors of the Federal Reserve System.Says the targeted Jan. 31 closing date would coordinate closing the Merger of Virginia Commerce with and into George Mason with the planned consolidation. 

Company Quote

-1.16 -2.77%
2 Jul 2015