Troutman Sanders Counsels Pinnacle Bankshares Corporation in Merger with Virginia Bank Bankshares, Inc.
RICHMOND, Va. – Troutman Sanders advised Pinnacle Bankshares Corporation (Pinnacle) in connection with the signing of a definitive merger agreement with Virginia Bank Bankshares, Inc. Detailed information on the cash and stock transaction can be found here.
Pinnacle is a locally managed community banking organization based in Central Virginia. The one-bank holding company of First National Bank offers 10 branches across the state. Virginia Bank Bankshares, Inc. is the bank holding company for Virginia Bank and Trust Company, which is a state-chartered commercial bank with seven offices located in Danville and Chatham, Virginia.
Richmond Partners Susan Ancarrow, Lynda Crouse and Seth Winter, New York Partner Robert Friedman, and Associates Constance Brewster and Zayne Tweed are advising Pinnacle in the transaction. Troutman Sanders’ Financial Institutions practice provides the full range of corporate and transactional services for clients, representing them in mergers and acquisitions, charter selection, regulatory and licensing issues, expansion into new lines of business and use of new technologies, and the formation of new entities, including bank and non-bank affiliates and subsidiaries.
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