Union First Market Bankshares Completes Integration of Two Affiliate Banks

Oct 12, 2010, 09:40 ET from Union First Market Bankshares Corporation

RICHMOND, Va., Oct. 12 /PRNewswire-FirstCall/ -- Union First Market Bankshares Corporation (Nasdaq: UBSH), the holding company for Union First Market Bank, today announced it has completed the integration of Rappahannock National Bank and Northern Neck State Bank into Union First Market Bank.  

"With the integration complete, our customers have access to 92 branches and more than 170 ATMs across Virginia, making us the largest community bank serving the Commonwealth," said G. William Beale, chief executive officer of Union First Market Bankshares.  "We're pleased to be able to offer new products and services as well as extended telephone support hours to our customers previously served by Rappahannock National Bank and Northern Neck State Bank.  Those two banks served the banking needs of their communities for more than 100 years and have been a part of our organization since 1996 and 1993, respectively.  The same personnel and locations will continue to help customers find financial solutions as we serve them at Union First Market Bank."

These communities will continue to be well represented as two members of the boards of directors of Rappahannock National Bank (RNB) and Northern Neck State Bank (NNSB) have joined the board of directors of Union First Market Bank.  RNB's former president Mike Leake and NNSB's former executive vice president Rusty Brown will serve as regional presidents of Union First Market Bank thereby ensuring that the specific local needs of their customers will be served by members of their communities.

About Union First Market Bankshares Corporation

Union First Market Bankshares Corporation (Nasdaq: UBSH) is the largest community banking organization based in Virginia and provides full service banking to the Northern, Central, Rappahannock, Tidewater, and Northern Neck regions of Virginia through its bank subsidiary, Union First Market Bank.  Union First Market Bank operates 92 locations in the counties of Albemarle, Caroline, Chesterfield, Essex, Fairfax, Fauquier, Fluvanna, Hanover, Henrico, James City, King George, King William, Lancaster, Loudoun, Nelson, Northumberland, Richmond, Spotsylvania, Stafford, Warren, Washington, Westmoreland, York, and the independent cities of Charlottesville, Colonial Heights, Fredericksburg, Newport News, Richmond, Roanoke, and Williamsburg.  Union Investment Services, Inc. provides full brokerage services; Union Mortgage Group, Inc. provides a full line of mortgage products; and Union Insurance Group, LLC offers various lines of insurance products.  Union First Market Bank also owns a non-controlling interest in Johnson Mortgage Company, LLC.

Additional information is available on the Company's website at www.ubsh.com.

SOURCE Union First Market Bankshares Corporation