Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank declared a quarterly cash dividend of $0.04 per common share payable Dec. 29, to shareholders of record Dec. 22.
Village Bank and Trust Financial (VBFC)
The parent of Village Bank announced that George Karousos, president of its Village Bank Mortgage subsidiary, is leaving the company to “pursue other interests. The company said that Clif Winn, a long-time member of the mortgage unit’s management team, has assumed Karousos’ duties.
Xenith Bankshares (XBKS)
Edward Phillips Jr., co-head of Xenith’s commercial banking operations exercised three swaths of options totaling 6,582 shares with an average exercise price of $9.36 per share.
Director George Stoeckert purchased 2,700 shares of common stock at prices ranging from $80.39 to $80.64 per share.
CFO Anne Waleski sold 838 shares of common stock at prices ranging from $1,100.42 to $1,103.92 per share for a total of $923,874.
Vice chairman Steven Markel sold 200 shares of common stock at prices ranging from $1,100.07 to $1,102.10 per share for a total of $220,115.