NASDAQ:FBSS - Nasdaq -
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WARRENTON, Va., Jan. 22, 2021 /PRNewswire/ -- Fauquier Bankshares, Inc. (the 'Company') (NASDAQ: FBSS), parent company of The Fauquier Bank (the '...
Mentions: VABK
Mentions: VABK
Virginia National Bankshares (OTCQX:VABK) and Fauquier Bankshares (FBSS +5.6%) signed a definitive agreement to combine in a strategic merger of equals which would have ~$1.6B in total assets, $1.4B in total deposits, $1.3B in loans and $1B+ in assets under management based upon reported amounts as of June 30, 2020.Agreement terms enable Fauquier shareholders to receive 0.6750 shares of Virginia National common stock for each share of Fauquier common stock held.Post merger, the combined company will operate under the Virginia National brand and will be able to serve larger clients in its core Virginia markets.After merger of Fauquier into Virginia National, Virginia National shareholders will own ~51.4% of the combined company, remaining will be owned by Fauquier shareholders.Post systems integration, The Fauquier Bank offices will be rebranded as VNB offices.Merger expected to be completed in 1H21.
Mentions: VABK
Second Quarter and Year to Date Highlights
Fauquier Bankshares (NASDAQ:FBSS) declares $0.125/share quarterly dividend, in line with previous.Forward yield 4.0%Payable July 1; for shareholders of record June 19; ex-div June 18.See FBSS Dividend
Fauquier Bankshares (NASDAQ:FBSS) declares $0.125/share quarterly dividend, in line with previous.Forward yield 2.35%Payable April 1; for shareholders of record March 13; ex-div March 12.See FBSS Divi