RESTON, Va., March 26 /PRNewswire-FirstCall/ -- Greater Atlantic Financial Corp. ("Greater Atlantic") (Pink Sheets: GAFC) announced today that its shareholders overwhelmingly approved the terms and conditions of the proposed merger of Greater Atlantic with and into Summit Financial Group, Inc. ("Summit") at the special meeting of shareholders held on March 25, 2008. The completion of the proposed merger is subject to the receipt of regulatory approval and other customary conditions.
Greater Atlantic Financial Corp. is the holding company for Greater Atlantic Bank, a federally-chartered savings bank. We offer traditional banking services to customers through our bank branches located throughout the greater Washington, DC metropolitan area. Greater Atlantic Financial Corp. had approximately $236 million in assets at December 31, 2007.
