Xenith Bank: Union, Xenith Bankshares to merge, assets $12.3 billion

At separate special meetings, shareholders of both Union Bankshares Corporation and Xenith Bankshares approved the merger of Xenith with and into Union. Under the terms of the merger agreement, Xenith shareholders will receive 0.9354 shares of Union common stock for each share of Xenith common stock. "We are pleased to have received all of the appro...