CHANTILLY, Va. (AFX) - Community banker Alliance Bankshares Corp. said Monday it agreed to buy Battlefield Insurance Agency for an undisclosed amount of cash.
Manassas, Va.-based Battlefield Insurance provides insurance and financial services to small and middle-market businesses, professionals and consumers.
Alliance said the acquisition, which is expected to close in the fourth quarter, will have a minimal effect on 2006 earnings and begin to boost results in 2007.
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