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): February 1, 2013
UNION FIRST MARKET BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
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)
Registrants telephone number, including area code: (804) 633-5031
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 February 1, 2013 Union First Market Bankshares Corporation issued a press release announcing the declaration of a quarterly dividend payable on March 1, 2013 to shareholders of record as of February 15, 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 February 1, 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: February 4, 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., February 1, 2013 Union First Market Bankshares Corporation has declared a quarterly dividend of $0.13 per share. The dividend amount represents an 8% increase over the previous quarterly dividend rate, and an 86% increase over the dividend rate for the same quarter last year.
Fourth quarter net income available to common shareholders was $9.4 million or $0.37 per fully diluted share, compared to $9.6 million or $0.37 per share, in the third quarter and $7.3 million or $0.28 per share, for the fourth quarter last year. Net income available to common shareholders in the prior year included a deduction for preferred stock dividends and discount accretion.
Based on the stocks closing price of $17.48 on January 31, 2013, the dividend yield is approximately 3.0%. The dividend is payable on March 1, 2013 to shareholders of record as of February 15, 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
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