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: May 20, 2014
(Date of earliest event reported)

VIRGINIA NATIONAL BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)

Virginia	000-55117	46-2331578
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation)	File Number)	Identification No.)

404 People Place
Charlottesville, Virginia 22911
(Address of principal executive offices) (Zip Code)

(434) 817-8621
(Registrant’s telephone number, including area code)

Not Applicable
(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):

     c Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     c Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     c Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     c Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On May 20, 2014, the Board of Directors of Virginia National Bankshares Corporation (the “Company”) (a) approved increasing the quarterly cash dividend from $0.05 per share to $0.075 per share and (b) declared a quarterly cash dividend of $0.075 per share to be paid on July 11, 2014 to shareholders of record as of June 30, 2014. A copy of the Company’s press statement announcing these actions is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit(s) are filed herewith:

Exhibit No.	Description
99.1	Press statement issued by Virginia National Bankshares Corporation on May 21, 2014.

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 hereunto duly authorized.

VIRGINIA NATIONAL BANKSHARES CORPORATION
By:	/s/ Glenn W. Rust
	Glenn W. Rust
	President and Chief Executive Officer

Dated: May 22, 2014

EX-99.1

EXHIBIT 99.1

PRESS STATEMENT
FOR IMMEDIATE DISTRIBUTION

May 21, 2014

VIRGINIA NATIONAL BANKSHARES CORPORATION
INCREASES QUARTERLY DIVIDEND

Charlottesville, VA – Virginia National Bankshares Corporation (the “Company”) (OTCQX: VABK) announced that its Board of Directors approved an increase in the quarterly cash dividend from $0.05 per share to $0.075 per share. “We are pleased to announce a 50 percent increase in our quarterly dividend.” said Glenn Rust, President and Chief Executive Officer. “This action reflects our focus on creating value for shareholders and our confidence in the Company’s business model, capital position, liquidity and risk profile.”

On May 20, 2014, the Board declared a quarterly cash dividend of $0.075 per share to be paid on July 11, 2014 to shareholders of record as of June 30, 2014. The dividend represents an annual yield to shareholders of approximately 1.26% based on the closing price of the Company’s stock on May 20, 2014

About Virginia National Bankshares Corporation

Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank (the “Bank”). The Bank has four banking offices in Charlottesville, two in Winchester and one in Orange, Virginia. The Bank serves the needs of owner-operated businesses and individuals in the City of Charlottesville, Albemarle County, Orange County, the City of Winchester, and the contiguous counties in Virginia. The Bank offers a full range of banking and related financial services, including checking accounts, NOW accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, online banking, treasury and cash management, personal and business card services, merchant card services, and commercial and consumer loans, as well as retail brokerage and insurance services. Investment management and trust services are offered through VNB Wealth Management, a trade name of VNBTrust, N.A., the Bank’s wholly owned subsidiary.

The Company’s stock trades on the OTC Market Group’s OTCQX Market under the symbol “VABK”. Additional information on the Company is also available at www.vnbcorp.com.