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Earnings Announcements, Mergers / Acquisitions

Virginia National Bankshares Corporation And Fauquier Bankshares Inc Announce Strategic Merger Of Equals

Published: 10/01/2020 12:41 GMT
(VABK) - Virginia National Bankshares Corporation and Fauquier Bankshares, Inc. Announce Strategic Merger of Equals.
Fauquier Bankshares-combined Company Would Have About $1.6 Billion in Total Assets,$1.4 Billion in Total Deposits,$1.3 Billion in Loans,more Than $1.0 Billion in Aum.
Fauquier Bankshares - Fauquier Shareholders Will Receive 0.6750 Shares of Virginia National Common Stock for Each Share of Fauquier Common Stock Held.
Fauquier Bankshares-after Merger, Virginia National Shareholders Will Own About 51.4% of Combined Company, Fauquier Shareholders Will Own About 48.6%.
Fauquier Bankshares-upon Consummation of Transaction, Fauquier Will Merge Into Virginia National, Virginia National Will Be Surviving Holding Company.
Fauquier Bankshares - Following Holding Company Merger, Fauquier Bank Will Merge Into Virginia National Bank and Vnb Will Be Surviving Bank.