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

Virginia National Bankshares

01/10/2020 13:36

Oct 1 (Reuters) - Fauquier Bankshares Inc  FBSS.O :
    * 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.

Source text:[https://bit.ly/33hiGDa]
Further company coverage:  FBSS.O 

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