Virginia Partners Bank (OTCPK:PTRS) agreed to acquire a 51% stake in Johnson Mortgage Company L.L.C. on December 15, 2017. Johnson Mortgage will continue to operate its locations in Newport News and Williamsburg, and will co-locate with Virginia Partners Bank in its Salem Church branch in Fredericksburg. Virginia Partners Bank and Johnson Mortgage plan to open shared offices in the Virginia Partners Bank's existing La Plata and Annapolis, Maryland offices. The transaction will be effective January 1, 2018. Virginia Partners Bank (OTCPK:PTRS) completed the acquisition of a 51% stake in Johnson Mortgage Company L.L.C. in January 2018.