Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust announced it has purchased a 132-room Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody hotel for about $29.5 million. Click here to see the full announcement.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank filed an investor slideshow, which can be viewed here.
The used car retailer held its annual shareholders meeting, at which it elected its board of directors and named Edwin J. Hill as the company’s chief operating officer. Click here for the full details.
CarMax also filed its 10-Q quarterly report, providing details from the previously-reported quarterly earnings. Click here to see the full report.
Community Bankers Trust (ESXB)
Oliver Way, a new member of the company’s board of directors, acquired 11,200 shares at $9.09 apiece for a total of $101,000. Way also received 313 shares at no cost as a retainer for his service to the board.
Hugh Fain III, another new member to the board, acquired 554 shares at $9.85 per share. He also received the same 313-share retainer.
The power utility announced that its Dominion Energy Reliability Investment is now available to the general public. Click here to see the full announcement.
Dynex Capital (DX)
The mortgage REIT entered into a distribution agreement with J.P. Morgan Securities and JMP Securities to sell up to 10 million shares of Dynex stock. Click here to see the full agreement.
Kinsale Capital Group (KNSL)
Fred Russell, a director, sold 1,000 shares at $55.50 apiece for a total of $55,500.
Union Bankshares (UBSH)
The company’s Union Bank & Trust subsidiary cut a deal to sell its Shore Premier Finance maritime lending division to Centennial Bank and its Home Bancshares parent company for $374 million in cash and 1.25 million in stock.
Union also sold approximately $206 million in consumer home improvement loans that had been originated through a third-party lending program.
The company said it will release its second quarter 2018 results before the market opens on July 18 and will host an analyst conference call that day at 9 a.m.