Union Bankshares (UBSH)
The parent of Union Bank finalized its acquisition of local peer Xenith Bankshares, a deal that creates a $12 billion Richmond-based bank. Read more about the deal here.
Union said it will release its fourth quarter and full year 2017 financial results before the market opens on Jan. 23.
Village Bank and Trust Financial (VBFC)
The bank said director and former CEO Tom Winfree retired from the board Dec. 31, along with director John Wash Sr. Winfree was the founding CEO and retired from that post in 2014. Wash came over as a director from the former River City Bank, which merged with Village in 2008.
Village said it anticipates the retirement of some longtime directors and recruitment of new directors as the company evolves to become “a top performing community banking organization.”
Xenith Bankshares (XBKS)
The company’s stock was removed from listing on Nasdaq as a result of it being acquired by Union.
Director Thomas Folliard sold 8,000 shares of common stock at $64.04 per share for a total of $512,320.
Director Shira Goodman gifted 3,814 shares of common stock on Dec. 27. Goodman now directly owns 12,712 shares.
Director Edgar Grubb gifted 1,520 shares of common stock on Dec. 28. He now directly owns 40,891 shares.
The power utility announced plans to purchase Scana Corp. subsidiary South Carolina Electric & Gas Co. in an all-stock deal worth about $14.6 billion including debt. The transaction is expected to close this year. More on the deal here.
Director Alan Kirshner sold 100 shares of common stock at $1,133.50 per share for a total of $113,350.
Director Darrell Martin gifted 1,500 shares of common stock on Dec. 27. Martin now directly owns 12,078 shares and indirectly owns 6,900 shares.
Director Lemuel Lewis gifted 890 shares of common stock on Dec. 21. Lewis now directly owns 4,403 shares.
Chief accounting officer Nora Crouch gifted 88 shares of common stock on Dec. 18. Crouch now directly owns 2,447 shares and indirectly owns 488.