Union Bank & Trust »
A whole new look
Yesterday we reported that First Market Bank and Union Bank & Trust will merge into one bank with branches that display the sign: “Union First Market Bank.” Now we have a few more details
Read More »Merged banks get new name/logo
First Market Bank and Union Bankshares, which are in the process of merging, have created a new name and logo.
Read More »Putting two banks together doesn’t come cheap
Union Bankshares, the parent holding company of Union Bank & Trust, will pay almost $10 million in coming quarters to consummate its acquisition of First Market. Plus a few details about where that money
Read More »Union Bankshares to sell $62.5 million in stock
Bowling Green-based Union Bankshares announced Tuesday that it intends to sell $62.5 million in new stock, or the equivalent of 31 percent of its current market cap. Plus, for the first time, First Market
Read More »Union Bank & Trust closes branch in Short Pump
Union Bank & Trust, based in Bowling Green but in the process of buying First Market Bank, recently closed the doors of its Pouncey Tract Road location.
Read More »Discount mortgages encouraging buyers
Just when it seemed mortgage rates couldn’t get any lower, First Market Bank dipped below 4 percent on mortgages for homes sold by homebuilders they lent to. Other banks followed suit, and the
Read More »Monday Q&A: Why are local banks merging like crazy?
Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may
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