Union Bankshares, Camden National merger closer to completion

By Lisa Kerner

Charlotte, N.C., Nov. 19 - Union Bankshares Corp. shareholders have until Dec. 20 to elect their merger consideration in the company's acquisition by Camden National Corp.

The shareholders are set to vote on the merger agreement at a special meeting on Nov. 29, according to a company news release.

It was previously reported that Camden National agreed to acquire Union Bankshares in a stock and cash transaction valued at $72.5 million. Union Bankshares shareholders can elect to receive $68.00 in cash or 1.9106 shares of Camden common stock for each share of Union Bankshares stock.

Camden National is a holding company based in Camden, Maine.

Union Bankshares is a banking organization based in Bowling Green, Va.

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