trending Market Intelligence /marketintelligence/en/news-insights/trending/zyxJLGbPHOIDXvx1gjIHVA2 content esgSubNav
In This List

C&F Financial receives approvals for Peoples Bankshares deal

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


C&F Financial receives approvals for Peoples Bankshares deal

C&F Financial Corp. received the approvals needed to proceed with its acquisition of Virginia-based Peoples Bankshares Inc.

The company received approvals from the Federal Reserve Bank of Richmond, the Federal Deposit Insurance Corp. and the Virginia State Corporation Commission Bureau of Financial Institutions. Peoples Bankshares shareholders approved the merger Dec. 11.

Peoples Bankshares will merge into C&F Financial, while Peoples Community Bank will merge into Citizens and Farmers Bank on Jan. 1, 2020. Upon completion of the deal, the combined company will have about $1.8 billion in assets and 30 offices across central and eastern Virginia, according to a news release.