First U.S. Bancshares to acquire The Peoples Bank
Thomasville's First US Bancshares, Inc. announced today that it is acquiring Rose Hill, Va.-based The Peoples Bank, a deal which will result in an institution with almost $800 million in assets. Under the terms of the agreement, First US Bancshares will acquire all of the outstanding capital stock of The Peoples Bank and then merge The Peoples Bank into First US Bank.
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