Deals
Virginia Commerce Said to Hire Sandler O’Neill to Explore Sale
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Virginia Commerce Bancorp Inc., an Arlington-based bank that recently repaid its government bailout, is exploring a sale, said a person familiar with the matter.
The bank, which has about $3 billion in assets, hired Sandler O’Neill & Partners LP to run the sale process, said the person, who asked not to be named because the matter is private. Sandler began reaching out to potential suitors before Christmas, this person said, with first-round bids due in mid-January.