Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank filed its 10-K annual report for its previously released yearend 2017 financial results. Click here for the full report.
C&F Financial (CFFI)
Longtime CEO Larry Dillon intends to step back from the bank’s top post later this year and will hand the reins to president Tom Cherry. Dillon, who is also chairman of the C&F board, will continue to be involved in the company as executive chairman upon stepping down as CEO. The bank said the change was anticipated and has been part of its long-term succession plan.
C&F reported its first quarter earnings, citing net income of $3.9 million, up from $2.7 million in the same period last year. Total assets reached $1.53 billion at quarter’s end, up from $1.46 billion. Deposits grew to $1.19 billion, up from $1.13 billion. Total loans were $992.5 million, up from $964 million. Click here for the full report.
The company also announced a share repurchase program to buy up to $5 million of its common stock from existing shareholders. The program is authorized through May 31, 2019.
Hamilton Beach Brands (HBB)
The electrical products supplier released an investor presentation. Click here to see the full document.
Markel (MKL)
The insurance underwriter’s vice chairman Steven Markel sold 200 shares of common stock for a total of $232,574. Click here to see the full transaction.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank filed its 10-K annual report for its previously released yearend 2017 financial results. Click here for the full report.
C&F Financial (CFFI)
Longtime CEO Larry Dillon intends to step back from the bank’s top post later this year and will hand the reins to president Tom Cherry. Dillon, who is also chairman of the C&F board, will continue to be involved in the company as executive chairman upon stepping down as CEO. The bank said the change was anticipated and has been part of its long-term succession plan.
C&F reported its first quarter earnings, citing net income of $3.9 million, up from $2.7 million in the same period last year. Total assets reached $1.53 billion at quarter’s end, up from $1.46 billion. Deposits grew to $1.19 billion, up from $1.13 billion. Total loans were $992.5 million, up from $964 million. Click here for the full report.
The company also announced a share repurchase program to buy up to $5 million of its common stock from existing shareholders. The program is authorized through May 31, 2019.
Hamilton Beach Brands (HBB)
The electrical products supplier released an investor presentation. Click here to see the full document.
Markel (MKL)
The insurance underwriter’s vice chairman Steven Markel sold 200 shares of common stock for a total of $232,574. Click here to see the full transaction.