WashingtonFirst to buy Alliance Bank (Nasdaq: ABVA) for $24.4M
Posted on May 04, 2012 at 09:52 AM EDT
Northern, WI 5/4/12 ( StreetBeat ) -- The parent company of WashingtonFirst Bank has agreed to buy Alliance Bankshares Corp. ( Nasdaq: ABVA ) in a $24.4 million deal, WashingtonFirst Bankshares Inc. announced Thursday after the markets closed. The deal represents a 19 percent premium on Alliance stock, which closed Thursday at $4.08. This is the second time in a year a competitor has agreed to buy Chantilly, Va.-based Alliance Bankshares, which owns Alliance Bank. Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling. StreetBeat Disclaimer Distributed by Viestly
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