Union Bank & Trust to Acquire Old Dominion Capital

April 6, 2016

On April 5, 2016, Union Bank & Trust announced it reached an agreement to acquire Old Dominion Capital Management, Inc.


Union Bank & Trust (“Union”) will acquire Charlottesville, Virginia-based registered investment advisor Dominion Capital Management, Inc. (“Dominion”). Dominion, which has nearly $300 million in assets under management, will continue to operate separately from Union and will maintain its current principals and employees.

The transaction, which is expected to close during the second quarter of 2016, remains subject to certain closing conditions and approvals.

Union is a subsidiary of Richmond, Virginia-based Union Bankshares Corporation.

To read the full press release: please click here.


Categories

Investment Manager M&A, Transactions