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Banking & Savings M&A image Banking & Savings M&A » By The Online Investor Staff, updated Fri., Apr. 19, 5:42 AM Recent mergers and acquisitions in the Banking & Savings M&A category.

This Slide: #50 of 100

Slide #50. Xenith Bankshares, Inc. — Colonial Virginia Bank

Acquirer: Xenith Bankshares, Inc. (XBKS)
Acquiree: Colonial Virginia Bank
Details: Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company to Xenith Bank, and Colonial Virginia Bank ("CVB") today announced the signing of a definitive merger agreement, whereby CVB will be merged with and into Xenith Bank. CVB operates two full-service branches in the Gloucester, Virginia area and one loan production office in Yorktown, Virginia. As of June 30, 2013, CVB had the largest share of deposits in Gloucester County, Virginia according to the Federal Deposit Insurance Corporation. As of December 31, 2013, CVB reported total assets of $114.9 million, net loans of $71.4 million, total deposits of $99.5 million and equity of $12.1 million.

Xenith Bankshares is a bank holding company. Through its subsidiary, Xenith Bank, Co. is a commercial bank engaged in providing a range of commercial and retail banking products, including commercial and industrial, commercial and residential real estate and consumer loans, including marine finance floorplan and end-user products through Shore Premier Finance. Co. also provides a range of checking, savings and treasury products, including remote deposit capture, automated clearing house transactions, debit cards, automated teller machine access, Internet and mobile banking, and bill pay service. As of Dec 31 2016, Co. had total assets of $3.27 billion and total deposits of $2.57 billion.

Open the XBKS Page at The Online Investor »

XBKS — Key Stats (updated Fri., Dec. 29, 10:25 AM)
Company Name:  Xenith Bankshares Inc (New)
Website:  www.bankofhamptonroads.com
Sector:  Banking & Savings
 

Open the XBKS Page at The Online Investor (in a new window) »
April 19, 2024  •  5:42 AM Eastern
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