Welcome to our dedicated page for Virginia Natl Bankshares news (Ticker: VABK), a resource for investors and traders seeking the latest updates and insights on Virginia Natl Bankshares stock.
Virginia National Bankshares Corporation reports earnings, dividend declarations and governance developments for a Virginia bank holding company whose common stock trades under the symbol VABK. The company operates through Virginia National Bank, which provides commercial and retail banking services, including loans, deposits and related financial services for individuals, businesses and charitable organizations.
Recurring updates focus on net interest income, loan balances, deposit and borrowing costs, asset quality, noninterest expense and quarterly cash dividends. Company news also covers board and executive changes, capital-structure and governance matters, and fiduciary services offered through VNB Trust and Estate Services across Virginia banking markets.
Virginia National Bankshares Corporation (OTCQX: VABK) has completed its merger with Fauquier Bankshares, Inc. as of April 1, 2021. This merger results in approximately $1.7 billion in total assets and $1.5 billion in total deposits for Virginia National. Shareholders of Fauquier receive 0.6750 shares of Virginia National for each Fauquier share. Virginia National's stock will begin trading on the Nasdaq Capital Market on April 5, 2021. The merger aims to enhance customer service, profitability, and shareholder value.
Virginia National Bankshares Corporation (OTCQX: VABK) has declared a quarterly cash dividend of $0.30 per share, scheduled for payment on March 26, 2021. Shareholders of record as of March 12, 2021 will receive this dividend, translating to an annual yield of approximately 3.76% based on the closing stock price on March 1, 2021. The bank also plans to expand operations by opening a new office in Richmond, Virginia, in the second quarter of 2021.