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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Union Bank/First Market merger, name approved

Shareholders of Union Bankshares Corp. on Monday approved the bank’s merger with First Market Bank and also signed off on the new name for the combined company: Union First Market Bankshares Corp. The new bank will have 97 branches and more than $4 billion in assets when the merger closes. The new bank name will be Union First Market Bank, and the logo is included with this post.

Separately, Union Bankshares Corp. (Nasdaq: UBSH) last week reported net income of $2.8 million for the third quarter, an increase of $1.9 million from the second quarter. Click here to read the full earnings report.

See tomorrow’s FLS Business section for more details.

 

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Permalink: http://news.fredericksburg.com/businessbrowser/2009/10/28/union-bankfirst-market-merger-name-approved/