-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GEo1ryBqaPoqY30xUmMTb0y8jMXEVRc0k/ZM6gb7CnGKLcOAwHivHWgx2gK3D7lE m17NzbN3ByYMLhFZFdOa2g== 0000916641-01-500986.txt : 20010815 0000916641-01-500986.hdr.sgml : 20010815 ACCESSION NUMBER: 0000916641-01-500986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010806 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNION BANKSHARES CORP CENTRAL INDEX KEY: 0000883948 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 540412820 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20293 FILM NUMBER: 1711977 BUSINESS ADDRESS: STREET 1: 212 NORTH MAIN ST STREET 2: P O BOX 446 CITY: BOWLING GREEN STATE: VA ZIP: 22427 BUSINESS PHONE: 8046335031 MAIL ADDRESS: STREET 1: PO BOX 446 STREET 2: 212 NORTH MAIN ST CITY: BOWLING GREEN STATE: VA ZIP: 22427 FORMER COMPANY: FORMER CONFORMED NAME: UNION BANCORP INC /VA/ DATE OF NAME CHANGE: 19930328 8-K 1 d8k.txt FORM 8-K DATED AUGUST 6, 2001 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------ Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934 Date of Report (Date of earliest event reported): August 6, 2001 ------------------------ UNION BANKSHARES CORPORATION (Exact name of registrant as specified in its charter) Virginia 0-20293 54-1598552 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) ------------------------ 212 North Main Street P.O. Box 446 Bowling Green, Virginia 22427 (Address of principal executive offices, including zip code) ------------------------ Registrant's telephone number, including area code: (804) 633-5031 Item 5. Other Events. On August 6, 2001, Northern Neck State Bank, a wholly-owned subsidiary of Union Bankshares Corporation, entered into a definitive agreement for the purchase of the Tappahannock branch of Citizens & Farmers Bank, a wholly-owned subsidiary of Citizens Financial Corp. The transaction includes approximately $16 million in deposits and $3.0 million in loans. Consummation of the transaction is subject to approval by bank regulatory authorities. The acquisition is expected to be completed by October 31, 2001. A copy of the press release relating to the announcement is attached as Exhibit 99.1 hereto. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. 99.1 Press Release, dated August 6, 2001 2 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UNION BANKSHARES CORPORATION By: /s/ G. William Beale ------------------------------------------- G. William Beale President and Chief Executive Officer August 14, 2001 3 EX-99 3 dex99.txt EXHIBIT 99.1 EXHIBIT 99.1 August 6, 2001 For additional information please Contact D. Anthony Peay, (804) 632-2112 FOR IMMEDIATE RELEASE Union Bankshares Corporation ANNOUNCES BRANCH ACQUISITION (Tappahannock, Va) - N. Byrd Newton, President and Chief Executive Officer of Northern Neck State Bank ("Northern Neck"), an affiliate of Union Bankshares Corporation, announced today that an agreement has been reached with Citizens & Farmers Bank (C&F) for Northern Neck to acquire its Tappahannock branch. "We are excited to be able to bring this branch into our community banking family," Newton said. "The customer base and location of this branch provide us the opportunity both to expand our presence in Tappahannock and Essex County and to better serve our existing customers there. The existing staff of the C&F branch will join our existing staff and together, they will work with the C&F customers to make their conversion into our Bank a pleasant experience, targeted towards building a beneficial financial relationship with us. Northern Neck State Bank is a member of the Union Bankshares Corporation family of community banks and has over $248 million in assets. "This acquisition represents another strategic step in our plan of profitable growth and the creation of cost effectiveness and efficiency," said D. Anthony Peay, Chief Financial Officer of Union Bankshares Corporation. "It is anticipated that the operations of the Bank's existing branch at Rt.17 and Earl Street will be combined into the newly acquired branch to create a more accessible and efficient location for all of our customers. Tappahannock continues to be a strong contributor to the economy, not only of Essex County, but other counties throughout the Northern Neck and Middle Peninsula. It remains a vibrant community bank market and we look forward to expanding our service to its residents." Newton added, "We welcome the opportunity to provide these new customers with the products and exceptional service that the Northern Neck customers have come to expect. Our network of branches throughout the Northern Neck and our wide array of financial products enable us to effectively serve these customers and meet their financial needs. In today's changing financial services industry we are pleased to be able to offer not only traditional banking services, but the many products offered by our investment company and mortgage company." 4 The transaction includes approximately $16.0 million in deposits and $3.0 million in loans and is expected to close by the end of October 2001. Consummation of the purchase is contingent on regulatory approval and satisfaction of certain other conditions described in the agreement. Northern Neck State Bank is an independent community bank founded in 1909 with offices in Burgess, Kilmarnock, Montross, Reedville, Warsaw, White Stone and Tappahannock. It is also a member of the Union Bankshares Corporation family that also includes Union Bank & Trust, Rappahannock National Bank, Bank of Williamsburg, Union Investments Services, and Mortgage Capital Investors, each of which is independently operated. Union Bankshares is the 2nd largest community banking organization based in Virginia with total assets of $924.0 million. Union Bankshares' Common Stock is quoted on the NASDAQ National Market under the ticker symbol UBSH. It is also listed in some newspapers under the NASDAQ National Market heading "UnBkCp" or "UnionBS." # # # 5 -----END PRIVACY-ENHANCED MESSAGE-----