MountainBank.
| Position | Regional Report |
After shareholders of one Virginia bank spurned a merger proposal, Hendersonville-based MountainBank found a more receptive partner. Shareholders of Pulaski, Va.-based CNB Holdings approved MountainBank's $13.8 million purchase of CNB, which was announced in June 2002. CNB has about $61 million in assets. MountainBank has $840...
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