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Article: First Capital Bancorp, Inc. and Eastern Virginia Bankshares, Inc. Mutually Agree to Terminate Merger Agreement.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GLEN ALLEN, Va., Nov. 9 /PRNewswire-FirstCall/ -- First Capital Bancorp, Inc. (the "Company") , the bank holding company for First Capital Bank, announced today the company and Eastern Virginia Bankshares, Inc. mutually agreed to terminate the definitive merger agreement signed April 3, 2009 due to the current regulatory environment. Shareholders from both companies had previously approved the transaction.
In a joint statement, Joe Shearin, President and CEO of EVBS and John Presley, Managing Director and CEO of FCVA stated: "We believed on April 3rd, of this year that the combination of these two good banks to make a great bank was in the best interest our ...
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