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): October 30, 2014
UNION BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
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Virginia | 0-20293 | 54-1598552 |
(State or other jurisdiction | (Commission | (I.R.S. Employer |
of incorporation) | File Number) | 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: (800) 990-4828
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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 October 30, 2014 Union Bankshares Corporation issued a press release announcing the declaration of a quarterly dividend payable on November 28, 2014 to shareholders of record as of November 14, 2014. 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 Bankshares Corporation press release dated October 30, 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 thereunto duly authorized.
UNION BANKSHARES CORPORATION | |||
Date: October 30, 2014 | By: | /s/ Robert M. Gorman | |
Robert M. Gorman | |||
Executive Vice President and Chief Financial Officer |
Exhibit 99.1
Union Bankshares Corporation Declares Quarterly Dividend
Richmond, Va., October 30, 2014 – Union Bankshares Corporation has declared a quarterly dividend of $0.15 per share. The dividend amount is the same as the prior quarter and represents a $0.01 per share, or 7%, increase over the prior year quarterly dividend rate.
Based on the stock’s closing price of $22.28 on October 29, 2014, the dividend yield is approximately 2.7%. The dividend is payable on November 28, 2014 to shareholders of record as of November 14, 2014.
ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH), is the holding company for Union First Market Bank, which has 131 branches and more than 200 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.
Additional information on the company is available at http://investors.bankatunion.com.
Contact:
Bill Cimino
(804) 448-0937
VP and Director of Corporate Communications