Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank awarded stock options of 1,262 shares to five of its top executives and directors. The options have an exercise price of $9.90 and expire in 2028.
The used car retailer filed its first quarter earnings report. CarMax reported $4.8 billion in revenue and a profit of $661 million in the first quarter 2018, up from a profit of $649 million in the same period last year. Click here to see the full report.
The power utility launched a new financing program, the Dominion Energy Reliability Investment that will allow qualified investors to invest directly in new debt issued by the company. Click here to read the full announcement.
Union Bankshares (UBSH)
The parent of Union Bank & Trust appointed Blair Wimbush to its board of directors, effective June 21, 2018. Wimbush is a retired corporate executive and lawyer, having most recently worked as Norfolk Southern’s chief real estate and corporate sustainability officer. He has a bachelor’s from University of Rochester and a law degree from UVA, where he is currently chairman of board of the university’s law school foundation.
Universal Corp. (UV)
The tobacco company announced the date of its annual shareholders meeting, to be held August 2 at its company headquarters at 9201 Forest Hill Avenue in Richmond. Click here to read the full announcement.