Troutman Sanders LLP represented its longtime client, Virginia Commerce Bank as it was acquired by United Bankshares. The transaction, which was valued at more than $500 million, closed on January 31, making United Bankshares the largest community bank in the Washington, D.C. area.
Partners Jake Lutz and Susan Ancarrow in the firm’s Richmond office led the Troutman Sanders team in this transaction, which was first announced in November, 2013. With this closing, Troutman Sanders was involved in two of the six largest bank mergers undertaken in 2013.
