Atlantic Union Bankshares (AUB)
Director Michael W. Clarke resigned from the company’s board effective Jan. 18. Clarke had been on the board since February 2019, coming over when it absorbed Access National Corp. Click here to read Clarke’s resignation letter.
Bay Banks of Virginia (BAYK)
The company’s shareholders are expected to vote today on its pending deal to merge with Blue Ridge Bankshares out of Charlottesville.
C&F Financial (CFFI)
The C&F Bank subsidiary sold a pool of purchased credit-impaired loans at a gain of $3.5 million. The bank also completed voluntary early repayments of $37 million of convertible advances borrowed from the Federal Home Loan Bank of Atlanta. That resulted in a early repayment charges of $2.1 million. It expects the early payoff to result in $780,000 a year in annual expense savings beginning this year.
CarMax (KMX)
The used car retailer filed its most recent quarterly earnings report for the period that ended Nov. 30. The company reported $5.2 billion in net sales and operating revenues for its third quarter. The company reported $4.79 billion in net sales and operating revenues for the same period of its last fiscal year.
The company announced Executive Vice President of Finance Thomas W. Reedy will retire effective Feb. 28, 2021. Reedy will become a consultant to the company. See here for the full announcement.
Reedy sold 14,647 shares at about $94 per share for a total of $1.4 million. He also sold 35,321 shares at about $106 per share for a total of $3.7 million. He still directly owns 19,000 shares of common stock.
General Counsel Eric M. Margolin sold 15,000 shares at about $103 per share for a total of about $1.5 million. Margolin directly owns 24,440 shares of common stock.
Senior Vice President Diane L. Cafritz sold 17,861 shares at about $106 per share for a total of about $1.9 million. Cafritz directly owns 4,646 shares of common stock.
Edwin J. Hill sold 47,096 shares at about $106 per share for a total of about $5 million. Hill directly owns 8,258 shares of common stock.
President and CEO William D. Nash sold 58,674 shares at about $106 per share for a total of $6.2 million. Nash directly owns 117,000 shares of common stock.
Dynex Capital (DX)
The mortgage REIT announced Dec. 18 that Smriti L. Popenoe was promoted to company president. Popenoe previously served as the company’s executive vice president and co-chief investment officer since January 2014. Popenoe will continue to serve as co-chief investment officer while president.
The company sent a notice of redemption to holders of its 7.625% Series B Cumulative Redeemable Preferred Stock on Jan. 15. See the full announcement here.
Owens & Minor (OMI)
Director Robert J. Henkel purchased 1,000 shares at about $27 per share for a total of $27,000. Henkel directly owns 21,000 shares of common stock.
Atlantic Union Bankshares (AUB)
Director Michael W. Clarke resigned from the company’s board effective Jan. 18. Clarke had been on the board since February 2019, coming over when it absorbed Access National Corp. Click here to read Clarke’s resignation letter.
Bay Banks of Virginia (BAYK)
The company’s shareholders are expected to vote today on its pending deal to merge with Blue Ridge Bankshares out of Charlottesville.
C&F Financial (CFFI)
The C&F Bank subsidiary sold a pool of purchased credit-impaired loans at a gain of $3.5 million. The bank also completed voluntary early repayments of $37 million of convertible advances borrowed from the Federal Home Loan Bank of Atlanta. That resulted in a early repayment charges of $2.1 million. It expects the early payoff to result in $780,000 a year in annual expense savings beginning this year.
CarMax (KMX)
The used car retailer filed its most recent quarterly earnings report for the period that ended Nov. 30. The company reported $5.2 billion in net sales and operating revenues for its third quarter. The company reported $4.79 billion in net sales and operating revenues for the same period of its last fiscal year.
The company announced Executive Vice President of Finance Thomas W. Reedy will retire effective Feb. 28, 2021. Reedy will become a consultant to the company. See here for the full announcement.
Reedy sold 14,647 shares at about $94 per share for a total of $1.4 million. He also sold 35,321 shares at about $106 per share for a total of $3.7 million. He still directly owns 19,000 shares of common stock.
General Counsel Eric M. Margolin sold 15,000 shares at about $103 per share for a total of about $1.5 million. Margolin directly owns 24,440 shares of common stock.
Senior Vice President Diane L. Cafritz sold 17,861 shares at about $106 per share for a total of about $1.9 million. Cafritz directly owns 4,646 shares of common stock.
Edwin J. Hill sold 47,096 shares at about $106 per share for a total of about $5 million. Hill directly owns 8,258 shares of common stock.
President and CEO William D. Nash sold 58,674 shares at about $106 per share for a total of $6.2 million. Nash directly owns 117,000 shares of common stock.
Dynex Capital (DX)
The mortgage REIT announced Dec. 18 that Smriti L. Popenoe was promoted to company president. Popenoe previously served as the company’s executive vice president and co-chief investment officer since January 2014. Popenoe will continue to serve as co-chief investment officer while president.
The company sent a notice of redemption to holders of its 7.625% Series B Cumulative Redeemable Preferred Stock on Jan. 15. See the full announcement here.
Owens & Minor (OMI)
Director Robert J. Henkel purchased 1,000 shares at about $27 per share for a total of $27,000. Henkel directly owns 21,000 shares of common stock.