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Eagle Bank drops bid for Alliance (access required)

Posted: 6:23 pm Mon, November 28, 2011
By Ben Mook
Daily Record Legal Affairs Writer

Citing “irreconcilable differences,” Eagle Bancorp of Bethesda, the parent company of Eagle Bank, said Monday that it is ending its $31.2 million acquisition of Alliance Bankshares Corp. of Chantilly, Va., The deal, announced in July, would have had Eagle Bank as the surviving company, and given the Montgomery County-based bank Alliance Bank’s six branches in Northern ...

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