The power utility’s proposed merger with SCANA Corp. received approval from the Federal Energy Regulatory Commission. Click here to see the full announcement.
The insurance underwriter announced that Robert Cox will join the company in the newly-created position of president and chief operating office. Click here to see the full announcement.
Union Bankshares (UBSH)
The bank announced its second quarter earnings, reporting net income of $47.3 million, up from $17.9 million in the same period last year. Its total assets were $13.1 billion, a decrease of $83.2 million from the end of the first quarter that it said was a result of the sale of its Shore Premier maritime loan division, which it inherited from its acquisition of Xenith Bankshares. Click here to read the full quarterly report.
Universal Corp. (UVV)
Chairman, president and CEO George Freeman III gifted 1,500 shares of common stock to family members. He owns 242,000 shares following the transaction.