United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 25, 2013
UNION FIRST MARKET BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
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Virginia | 0-20293 | 54-1598552 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1051 East Cary Street
Suite 1200
Richmond, Virginia 23219
(Address of principal executive offices, including Zip Code)
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Registrant’s telephone number, including area code: (804) 633-5031
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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 13c-4(c) under the Exchange Act (17 CFR 240.13c-4(c)) |
Item 8.01 Other Events.
On July 25, 2013 Union First Market Bankshares Corporation issued a press release announcing the declaration of a quarterly dividend payable on August 30, 2013 to shareholders of record as of August 16, 2013. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits. |
99.1 | Union First Market Bankshares Corporation press release dated July 25, 2013 |
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.
UNION FIRST MARKET BANKSHARES CORPORATION | ||
Date: July 26, 2013 | By: | /s/ Robert M. Gorman |
Robert M. Gorman | ||
Executive Vice President and | ||
Chief Financial Officer |
Exhibit 99.1
Union First Market Bankshares Declares Quarterly Cash Dividend
Richmond, Va., July 25, 2013 – Union First Market Bankshares Corporation has declared a quarterly dividend of $0.14 per share. The dividend amount is a $0.01 per share, or 8% increase from the previous quarterly dividend rate and is a 40% increase over the dividend rate for the same quarter last year.
Second quarter reported net income was $9.5 million or $0.38 per fully diluted share, and includes after tax expenses of $919,000 related to the acquisition of StellarOne Corporation, compared to $9.0 million or $0.36 per share in the first quarter and $8.4 million or $0.32 per share in the second quarter last year.
Based on the stock’s closing price of $22.67 on July 24, 2013, the dividend yield is approximately 2.5%. The dividend is payable on August 30, 2013 to shareholders of record as of August 16, 2013.
ABOUT UNION FIRST MARKET BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union First Market Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union First Market Bank, which has 90 branches and more than 150 ATMs throughout Virginia. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Union First Market Bank also owns a non-controlling interest in Johnson Mortgage Company, L.L.C.
Additional information on the Company is available at http://investors.bankatunion.com
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Contact: Bill Cimino (804) 448-0937, VP and Director of Corporate Communications