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Keefe, Bruyette & Woods will act as lead book-running manager, with Scott & Stringfellow and SunTrust Robinson Humphrey acting as co-managers.
Union Bankshares intends to grant the underwriters an option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any.
Union Bankshares expects the net proceeds from the offering will be used for general corporate purposes and the possible repurchase of the US Treasury capital purchase program funds.
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