Community Bankers Trust (ESXB)
Gerald Barber, a director, acquired 150 shares at $7.53 apiece. He now owns more than 21,000 shares.
The insurer announced that two the heads of its Bermuda-based Markel CATCo subsidiary, Anthony Belisle and Alissa Fredericks are no longer with the company after it discovered a previously undisclosed personal relationship between the two executives.
The company said it discovered the relationship during an internal review prompted by “governmental inquiries” made into the loss reserves at Markel CATCo from late 2017 and early 2018.
The company said Jed Rhoads and Andrew Barnard will oversee Markel CATCo in the interim.
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Union Bankshares (UBSH)
The parent of Union Bank & Trust reported its fourth quarter and full-year results for 2018. Net income for the quarter ending Dec. 31 was $44.1 million, up from $15.1 million in the same period in 2017. Net income for the year was $146.2 million, compared with $72.9 million in 2017. It said the annual results exclude after-tax costs related to mergers. It closed its acquisition of Xenith Bank at the beginning of 2018 and is set to close its acquisition of Access National Corp. next month. Click here to see the full report.