Apple Hospitality REIT (APLE)
Chief legal officer David Buckley announced his plans to retire effective April 15, 2019. Buckley had been with Apple for nearly 15 years, and will be succeeded by current McGuireWoods attorney Matthew Rash. Click here to see the full announcement.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank posted an investor presentation, which can be seen here.
C&F Financial (CFFI)
The parent of C&F Bank posted its fourth quarter and year-end 2018 financials. It report net income for the full year of $18, compared to $6.6 million in the previous year. For the quarter, net income was $4 million, compared with a net loss of $3.3 million in the same period in 2017. Click here to read the full report.
Community Bankers Trust (ESXB)
The parent of Essex Bank posted its fourth quarter and year-end 2018 financials. Net income for the fully year was $13.7 million, compared with $7.2 million in 2017. Net income for the fourth quarter was $3.35 million for the quarter, up from a loss of $640,000 in the same period of 2017. Click here for the full report.
Dynex Capital (DX)
The mortgage REIT announced it will make a public offering of 7 million shares of common stock. Dynex said it plans to use the proceeds for additional investments, including repaying maturing debt obligations. Click here to see the full announcement.
Medalist Diversified REIT (MDRR)
Chief operating officer William Elliott and CEO Thomas Messier were each awarded 40,000 shares. Elliott and Messier directly own 49,804 and 48,741 shares of common stock, respectively.
Director Neil Farmer was awarded 2,000 shares of common stock. Farmer directly owns 7,995 shares of common stock.
Union Bankshares (UBSH)
The parent of Union Bank & Trust declared a quarterly dividend of $0.23 per share payable on Feb. 22 to shareholders of record as of Feb. 8.
Village Bank and Trust Financial (VBFC)
The Midlothian-based bank posted its fourth quarter and year-end earning, reporting net income of $2.92 million for the full year. That’s compared with a loss in 2017 of $3.59 million. Net income for the fourth quarter was $856,000, compared to a loss of $4 million in the same period of 2017. Click here for the full report.