Union Bankshares preparing for possible Ukrop's sale

By Rachel DePompa - bio | email
Posted by Terry Alexander - email

RICHMOND, VA (WWBT) - A bank chain based inside of Ukrop's believes the grocery chain is for sale.

In papers filed this week with the Securities and Exchange Commission Union Bankshares told investors it has considered the impact of a possible Ukrop's sale.

Union Bankshares is merging with First Union Bank which has 39 branches including 25 inside the grocery chain.

Union Bankshares told investors it was taking steps to ensure its branches inside the store will be able to continue to operate.

To view the Securities and Exchange filing, click here.

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