City Holding completes Va. acquisition - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

City Holding completes Va. acquisition

Posted: Updated:
  • BusinessBusiness

  • Saturday, May 18 2013 5:10 PM EDT2013-05-18 21:10:05 GMT
    CHARLESTON, W.Va. (AP) — The Division of Natural Resources says a record rainbow trout was caught in Berkeley County. DNR director Frank Jezioro says the trout was caught by Tony Corbin of Gerrardstown
    The Division of Natural Resources says a record rainbow trout was caught in Berkeley County.
  • Saturday, May 18 2013 1:18 PM EDT2013-05-18 17:18:32 GMT
    JARED HUNT Charleston Daily Mail CHARLESTON, W.Va. (AP) - 3-D technology isn't just for movie theatres and comic books anymore. In fact, it may very well reshape the landscape for American manufacturing. It's
    3-D technology isn't just for movie theatres and comic books anymore. In fact, it may very well reshape the landscape for American manufacturing.
  • Saturday, May 18 2013 11:36 AM EDT2013-05-18 15:36:30 GMT
    RICK STEELHAMMER,The Charleston Gazette SUMMERSVILLE, W.Va. (AP) — Surrounded by an armada of bass boat trailers in the parking area of the Battle Run boat launch area at Summersville Lake, the owners
    Surrounded by an armada of bass boat trailers in the parking area of the Battle Run boat launch area at Summersville Lake, the owners of a small wind-powered fleet were busy raising masts and securing jibs and mainsails.

City Holding Co. announced Jan. 11 that it had completed the acquisition of Community Financial Corp. of Staunton, Va., and its wholly owned subsidiary, Community Bank effective Jan. 10.

In connection with the acquisition, City repaid Community's borrowings under the U.S. Troubled Asset Relief Program (TARP) of $12.6 million on Jan. 9. The merger, which was announced in August 2012, received the approval of all required regulatory agencies in December and Community's shareholders on Jan. 8.

With the acquisition of Community Bank, City grows to $3.4 billion in assets and operates 84 banking offices in West Virginia, Virginia, Kentucky, and Ohio.