Eastern Virginia Bankshares (EVBS)
EVB said it prepaid $107.5 million of its long-term Federal Home Loan Bank advances. The bank said it will immediately improve its net interest margin. The prepayment came with a $11.5 million prepayment penalty. It still has $10 million in FHLB advances that will be paid off at maturity in September.
Genworth Financial (GNW)
Patrick Kelleher, an executive vice president, exercised stock appreciation rights for 164,334 shares for a total of $849,000. He then sold 109,592 shares at $12.80 per share for a total of $1.4 million.
Markel Corp. (MKL)
Vice Chairman Tony Markel sold 720 shares at $522.20 per share for a total of nearly $376,000. That had been held in a trust.
Director Darrell Martin sold 979 shares at $528.55 each, a total of a $517,000.
Media General (MEG)
Vice Chairman and retired chief executive Marshall Morton exercised options for 109,233 shares at a total of $427,000. He then sold 75,907 shares at $10.53 each for a total of $799,000.
Vice President John Cottingham exercised options for 6,000 shares at $2.16 each. He then sold them at $10.27 for a total of $61,000.
Owens & Minor (OMI)
Mark Van Sumeran, a senior vice president, sold 2,500 shares at $36.21 for a total of $90,000.
Union First Market Bankshares (UBSH)
President David Fairchild, the former head of Union predecessor First Market Bank, announced he will resign from the Union board effective Sept. 30. His tenure as president is set to end Sept. 30.
Universal Corp. (UVV)
Director Thomas Johnson sold 3,000 shares at $56.34 per share. It was a total sale of $169,000.
Village Bank and Trust Financial (VBFC)
William Foster was appointed president of Village Bank. He takes over for Tom Winfree, who will remain CEO for another six months until his retirement. Foster will then also take over the CEO role. Foster, 51, was previously with SunTrust and became Village’s chief credit officer in March 2012.
Foster signed an employment agreement that will pay him $250,000 per year once he takes over as CEO. In the meantime his base will be $200,000. He’ll also receive a grant of $100,000 shares of the bank’s restricted stock.
Winfree also entered into a new employment agreement that will give him a base salary of $214,200 a year beginning Sept. 28 and run until his retirement or September of next year, whichever comes first.
Eastern Virginia Bankshares (EVBS)
EVB said it prepaid $107.5 million of its long-term Federal Home Loan Bank advances. The bank said it will immediately improve its net interest margin. The prepayment came with a $11.5 million prepayment penalty. It still has $10 million in FHLB advances that will be paid off at maturity in September.
Genworth Financial (GNW)
Patrick Kelleher, an executive vice president, exercised stock appreciation rights for 164,334 shares for a total of $849,000. He then sold 109,592 shares at $12.80 per share for a total of $1.4 million.
Markel Corp. (MKL)
Vice Chairman Tony Markel sold 720 shares at $522.20 per share for a total of nearly $376,000. That had been held in a trust.
Director Darrell Martin sold 979 shares at $528.55 each, a total of a $517,000.
Media General (MEG)
Vice Chairman and retired chief executive Marshall Morton exercised options for 109,233 shares at a total of $427,000. He then sold 75,907 shares at $10.53 each for a total of $799,000.
Vice President John Cottingham exercised options for 6,000 shares at $2.16 each. He then sold them at $10.27 for a total of $61,000.
Owens & Minor (OMI)
Mark Van Sumeran, a senior vice president, sold 2,500 shares at $36.21 for a total of $90,000.
Union First Market Bankshares (UBSH)
President David Fairchild, the former head of Union predecessor First Market Bank, announced he will resign from the Union board effective Sept. 30. His tenure as president is set to end Sept. 30.
Universal Corp. (UVV)
Director Thomas Johnson sold 3,000 shares at $56.34 per share. It was a total sale of $169,000.
Village Bank and Trust Financial (VBFC)
William Foster was appointed president of Village Bank. He takes over for Tom Winfree, who will remain CEO for another six months until his retirement. Foster will then also take over the CEO role. Foster, 51, was previously with SunTrust and became Village’s chief credit officer in March 2012.
Foster signed an employment agreement that will pay him $250,000 per year once he takes over as CEO. In the meantime his base will be $200,000. He’ll also receive a grant of $100,000 shares of the bank’s restricted stock.
Winfree also entered into a new employment agreement that will give him a base salary of $214,200 a year beginning Sept. 28 and run until his retirement or September of next year, whichever comes first.