0001144204-17-050028.txt : 20170927 0001144204-17-050028.hdr.sgml : 20170927 20170927161426 ACCESSION NUMBER: 0001144204-17-050028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170926 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170927 DATE AS OF CHANGE: 20170927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAY BANKS OF VIRGINIA INC CENTRAL INDEX KEY: 0001034594 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 541838100 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22955 FILM NUMBER: 171104411 BUSINESS ADDRESS: STREET 1: 100 S MAIN STREET CITY: KILMARNICK STATE: VA ZIP: 22482 BUSINESS PHONE: 8044351171 MAIL ADDRESS: STREET 1: 100 S MAIN STREET CITY: KILMARNOCK STATE: VA ZIP: 22482 8-K 1 v476003_8k.htm FORM 8-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

  

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): September 26, 2017

 

 

 

BAY BANKS OF VIRGINIA, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

     
Virginia 0-22955 54-1838100

(State or Other Jurisdiction

of Incorporation)

 

 (Commission File Number)

(IRS Employer

Identification No.)

 

 

100 S. Main Street, Kilmarnock, Virginia 22482

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (804) 435-1171

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

  

 

 

Item 8.01 Other Events.

 

On September 26, 2017, Bay Banks of Virginia Inc. declared a quarterly cash dividend to shareholders of $0.04 per share. The dividend is payable October 24, 2017, to shareholders of record on October 11, 2017.

 

 

Item 9.01 Exhibits.

  

  (d)   Exhibits.

  

  Exhibit No.   Description
  99.1   Bay Banks of Virginia, Inc. press release dated September 26, 2017.

  

  

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

  BAY BANKS OF VIRGINIA, INC.
   
  By:  /s/ James A. Wilson, Jr.
  James A. Wilson, Jr.
  Chief Financial Officer

 

September 27, 2017

 

  

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Bay Banks of Virginia, Inc. press release dated September 26, 2017.

 

  

 EX-99.1 2 v476003_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

BAY BANKS OF VIRGINIA, INC. ANNOUNCES THIRD QUARTER 2017 DIVIDEND

 

Richmond, VA, Sept 26, 2017 – Bay Banks of Virginia, Inc. (OTCQB: BAYK), parent company of Virginia Commonwealth Bank and VCB Financial Group, announced its Board of Directors has declared a quarterly cash dividend to shareholders of $0.04 per common share, payable October 24, 2017, to shareholders of record October 11, 2017.

 

 

About Bay Banks of Virginia, Inc.

 

Bay Banks of Virginia, Inc. is the holding company for Virginia Commonwealth Bank and VCB Financial Group. Founded in the 1930’s, Virginia Commonwealth Bank and the former Bank of Lancaster, are now combined and headquartered in Richmond, Virginia. With 19 banking offices located throughout the Richmond market area, the Northern Neck region, the Tri-Cities area of Petersburg, Hopewell and Colonial Heights, Middlesex County and Suffolk, the Bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts, wealth management services, estate planning, estate settlement, and trust administration.

 

Shares of Bay Banks of Virginia, Inc. are traded on the OTC Markets Group’s OTCQB tier under the symbol "BAYK."

 

For further information, contact Randal R. Greene, President and Chief Executive Officer, at 800-435-1140 or inquiries@baybanks.com.