Fauquier

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES FIRST QUARTER 2023 EARNINGS

Retrieved on: 
Tuesday, April 18, 2023
Borrowing base, Housing, Current Expected Credit Losses, Fauquier, Tax, FDIC, ICS, CECL, ACL, FASB, Cryptocurrency, Bank, Airline

CHARLOTTESVILLE, Va., April 18, 2023 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $5.8 million, or $1.08 per diluted share, for the quarter ended March 31, 2023, which represents an 18% increase over net income of $4.9 million, or $0.92 per diluted share, recognized for the quarter ended March 31, 2022.

Key Points: 
  • CHARLOTTESVILLE, Va., April 18, 2023 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today reported quarterly net income of $5.8 million, or $1.08 per diluted share, for the quarter ended March 31, 2023, which represents an 18% increase over net income of $4.9 million, or $0.92 per diluted share, recognized for the quarter ended March 31, 2022.
  • The Company had no brokered deposits as of March 31, 2023 or December 31, 2022.
  • Deposit balances held in ICS plans amounted to $126.4 million as of March 31, 2023 and $134.6 million as of December 31, 2022.
  • Full-time equivalent employee headcount was 215 as of April 1, 2021 and is down to 154 as of March 31, 2023.

TOMORROW: Culpeper Joins Dozen Other Cities Featuring School Fairs During National School Choice Week

Retrieved on: 
Friday, January 28, 2022
Awareness, Fauquier, National School Choice Week, Legislation, National school, School, Week, Tutoring

The event will be one of the most prominent celebrations in Virginia during National School Choice Week.

Key Points: 
  • The event will be one of the most prominent celebrations in Virginia during National School Choice Week.
  • School fair featuring options in the counties of Culpeper, Madison, Orange, Rappahannnock, Stafford, Spotsylvania, and Fauquier
    Providence Bible Church, located at 17211 Greens Corner Rd.
  • National School Choice Week shines a spotlight on effective K-12 education options for children, focusing equally on traditional public, charter, magnet, online, private, and home education options.
  • Every January, participants plan tens of thousands of celebrations such as school fairs and open houses to raise awareness about school choice across all 50 states.

Culpeper Joins Dozen Other Cities Featuring School Fairs During National School Choice Week

Retrieved on: 
Friday, January 21, 2022
Week, Legislation, Hope, National School Choice Week, School, National school, King, Learning, Education, Child, Awareness, Tourism, Tutoring, Fauquier

The event will be one of the most prominent celebrations in Virginia during National School Choice Week.

Key Points: 
  • The event will be one of the most prominent celebrations in Virginia during National School Choice Week.
  • This event is planned to coincide with the celebration of National School Choice Week Jan. 23-29, 2022, which will feature more than 26,000 school choice events across all 50 states.
  • The Culpeper school fair is one of more than 15 fairs taking place across the country during the Week.
  • "King's Light Christian Academy is proud to host a National School Choice Week Fair on January 29th," said Teresa Murnock, administrator at King's Light Christian Academy.

Virginia National Bank Names New President

Retrieved on: 
Tuesday, January 11, 2022
VNB, National bank, Treasury, Property management, Trust, Fauquier, Mentorship, NASDAQ, Job satisfaction, CEO, Bank, Solution, Indian Defence Estates Service, View, Industry, Virginia National Bank Headquarters Historic District, Company, Community, Atlantic Union Bank, Multimedia, LLC, Management

CHARLOTTESVILLE, Va., Jan. 11, 2022 /PRNewswire/ --Virginia National Bank, a wholly-owned subsidiary of Virginia National Bankshares Corporation (NASDAQ:VABK), today announced industry veteran, Diane E. Corscadden-Weaver, as new president of Virginia National Bank.

Key Points: 
  • CHARLOTTESVILLE, Va., Jan. 11, 2022 /PRNewswire/ --Virginia National Bank, a wholly-owned subsidiary of Virginia National Bankshares Corporation (NASDAQ:VABK), today announced industry veteran, Diane E. Corscadden-Weaver, as new president of Virginia National Bank.
  • As the Bank's president, Corscadden-Weaver willreport to Glenn Rust, who remains the CEO of the Bank, as well as the President and CEO of Virginia National Bankshares Corporation.
  • She most recently served as senior vice president, group manager of commercial real estate at Atlantic Union Bank in the greater Washington-Baltimore region.
  • Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank.

Virginia National Bankshares Corporation Completes Merger with Fauquier Bankshares, Inc.

Retrieved on: 
Thursday, April 1, 2021
National Register of Historic Places in Fauquier County, Virginia, Fauquier

CHARLOTTESVILLE, Va., April 01, 2021 (GLOBE NEWSWIRE) -- Virginia National Bankshares Corporation (Virginia National) (OTCQX: VABK), parent company of Virginia National Bank, announced today the completion of its merger of equals transaction with Fauquier Bankshares, Inc. (Fauquier), parent company of The Fauquier Bank.

Key Points: 
  • CHARLOTTESVILLE, Va., April 01, 2021 (GLOBE NEWSWIRE) -- Virginia National Bankshares Corporation (Virginia National) (OTCQX: VABK), parent company of Virginia National Bank, announced today the completion of its merger of equals transaction with Fauquier Bankshares, Inc. (Fauquier), parent company of The Fauquier Bank.
  • Under the terms of the merger agreement, shareholders of Fauquier are entitled to receive 0.6750 shares of Virginia National common stock for each share of Fauquier common stock.
  • Immediately following completion of the holding company merger, The Fauquier Bank was merged with and into Virginia National Bank.
  • Virginia National, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank.

Shareholders of Virginia National Bankshares Corporation and Fauquier Bankshares, Inc. Approve Merger

Retrieved on: 
Friday, March 26, 2021
National Register of Historic Places in Fauquier County, Virginia, Fauquier, Warrenton, Virginia

CHARLOTTESVILLE, Va. and WARRENTON, Va., March 26, 2021 (GLOBE NEWSWIRE) -- At separate shareholder meetings yesterday, shareholders of both Virginia National Bankshares Corporation (OTCQX: VABK) (Virginia National), the parent holding company of Virginia National Bank (the Bank), and Fauquier Bankshares, Inc. (NASDAQ: FBSS) (Fauquier), the parent holding company of The Fauquier Bank, approved the previously announced merger of Fauquier into Virginia National (the Merger).

Key Points: 
  • CHARLOTTESVILLE, Va. and WARRENTON, Va., March 26, 2021 (GLOBE NEWSWIRE) -- At separate shareholder meetings yesterday, shareholders of both Virginia National Bankshares Corporation (OTCQX: VABK) (Virginia National), the parent holding company of Virginia National Bank (the Bank), and Fauquier Bankshares, Inc. (NASDAQ: FBSS) (Fauquier), the parent holding company of The Fauquier Bank, approved the previously announced merger of Fauquier into Virginia National (the Merger).
  • Virginia National, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank.
  • The Bank has four banking offices in Charlottesville and one in Winchester, and offers loan, deposit and treasury management services in Richmond, Virginia.
  • Investment management services are also offered through Masonry Capital Management, LLC, a registered investment advisor and wholly-owned subsidiary of Virginia National.

Fauquier Bankshares, Inc. Announces Quarterly Dividend

Retrieved on: 
Friday, February 19, 2021
Finance, Banks, Financial services, Fauquier, Dividend, UBS

WARRENTON, Va., Feb. 19, 2021 /PRNewswire/ --Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on February 18, 2021 declared a quarterly dividend of $0.125 per share.

Key Points: 
  • WARRENTON, Va., Feb. 19, 2021 /PRNewswire/ --Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on February 18, 2021 declared a quarterly dividend of $0.125 per share.
  • This dividend was declared for shareholders of record as of the close of business on March 12, 2021 and will be payable on March 26, 2021.
  • Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $867.2 million and total shareholders' equity of $72.5 million at December 31, 2020.
  • The Fauquier Bank, is an independent community bank offering a full range of financial services, including internet banking, mobile banking, commercial, retail, insurance, wealth management, and financial planning services through eleven banking offices throughout Fauquier and Prince William counties in Virginia.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Fauquier Bankshares, Inc. - FBSS

Retrieved on: 
Monday, December 14, 2020
Fauquier

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City, is investigating Fauquier Bankshares, Inc. ("Fauquier" or the "Company") ( FBSS ) relating to its proposed merger with Virginia National Bankshares Corp.

Key Points: 
  • NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City, is investigating Fauquier Bankshares, Inc. ("Fauquier" or the "Company") ( FBSS ) relating to its proposed merger with Virginia National Bankshares Corp.
  • Under the terms of the agreement, Fauquier's shareholders will receive 0.6750 shares of Virginia National common stock per share.
  • We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report.
  • Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Fauquier Bankshares, Inc. Merger

Retrieved on: 
Tuesday, December 8, 2020
Fauquier

announces that it is investigating Fauquier Bankshares, Inc. (Fauquier) (NASDAQ GS: FBSS ) regarding possible breaches of fiduciary duties and other violations of law related to Fauquiers agreement to be acquired by Virginia National Bankshares Corporation (Virginia National) (OTC: VABK ).

Key Points: 
  • announces that it is investigating Fauquier Bankshares, Inc. (Fauquier) (NASDAQ GS: FBSS ) regarding possible breaches of fiduciary duties and other violations of law related to Fauquiers agreement to be acquired by Virginia National Bankshares Corporation (Virginia National) (OTC: VABK ).
  • Under the terms of the agreement, Fauquiers shareholders will receive 0.6750 shares of Virginia National common stock per share.
  • To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-fauquier-bankshares-inc .
  • You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected] .

Fauquier Bankshares, Inc. Announces Quarterly Dividend

Retrieved on: 
Friday, November 20, 2020
Dividend, Shareholders, Fauquier

WARRENTON, Va., Nov. 20, 2020 /PRNewswire/ --Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on November 19, 2020 declared a quarterly dividend of $0.125 per share.

Key Points: 
  • WARRENTON, Va., Nov. 20, 2020 /PRNewswire/ --Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on November 19, 2020 declared a quarterly dividend of $0.125 per share.
  • This represents a $0.50 dividend on an annualized basis.
  • This dividend was declared for shareholders of record as of the close of business on December 18, 2020 and will be payable on January 4, 2021.
  • Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $840.3 million and total shareholders' equity of $72.2 million at September 30, 2020.