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4 months ago
Federal Reserve approves United Bankshares buyout of Cardinal Bank
April 7, 2017 / 8:24 PM / 4 months ago

Federal Reserve approves United Bankshares buyout of Cardinal Bank

1 Min Read

WASHINGTON (Reuters) - The Federal Reserve on Friday said it approved a buyout of Cardinal Financial Corp [CFNLCD.UL] of McLean, Virginia, by United Bankshares Inc (UBSI.O) of Charleston, West Virginia.

UBV Holding Company, LLC of Fairfax, Virginia, was also part of the acquisition of Cardinal Financial which includes Cardinal Bank.

Reporting By Patrick Rucker

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