Atlantic Union Bankshares (AUB)
The bank said it will release its fourth quarter and full year 2019 results before the market opens on Jan. 21.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank hired Michael Troutman as chief revenue officer. Troutman most recently was market president for BB&T in Newport News. He’s a graduate of UNC Chapel Hill and is currently enrolled in the MBA program at William and Mary.
The company also announced that president Frank Scott will retire from the bank effective June 30. He will continue to serve as chairman of the board. Current CEO Randy Greene will take on the president role effective July 1.
And Chief Banking Officer Douglas Jenkins Jr. retired effective Jan. 1.
C&F Financial (CFFI)
The parent of C&F Bank completed its acquisition of Northern Neck-based People Community Bank. Peoples shareholders received 0.53 shares of C&F common stock and $27 in cash for each share of Peoples common stock. Read more about the deal here.
The used car retailer filed its third quarter earnings report. CarMax reported $4.8 billion in revenue and a profit of $613 million in the third quarter 2019, up from a profit of $569 million in the same period last year. Click here for the full report.
CarMax also filed its 10-Q, providing further details from its quarterly report. Click here for the full document.
Genworth Financial (GNW)
For the 13th time since it was announced more than two years ago, Genworth has extended the negotiation period for its deal to be acquired by China Oceanwide Holdings Group. The waiver extends the previous deadline of Dec. 31 to no later than March 31, 2020. The extension was necessary to gain reapprovals from certain state and federal regulators, as well as China’s State Administration of Foreign Exchange related to currency exchange. The companies maintain they are committed to getting the deal closed.
Performance Food Group (PFGC)
The Goochland-based foods distributor received approval from the Federal Trade Commission to acquire Chicago-based Reinhart Foodservice in a $2 billion deal. Click here for the full announcement.
Universal Corp. (UVV)
The tobacco company completed the acquisition of fruit and vegetable processor FruitSmart for an undisclosed amount. Click here for the full announcement.
Village Bank and Trust Financial (VBFC)
Kenneth Lehman, the bank’s majority shareholder, tacked on to his holdings by acquiring 8,787 shares in five transactions totaling approximately $334,000, or an average of $37.62 per share. Lehman now owns 748,000 shares of Village stock, more than half of the bank’s outstanding shares.