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C&F Financial Corp Completes Acquisition Of Central Virginia Bankshares Inc

Tuesday, 1 Oct 2013 02:28pm EDT 

C&F Financial Corp announced that it has completed its acquisition of Central Virginia Bankshares, Inc. (CVB), the one-bank holding company for Central Virginia Bank, effective October 1, 2013. CVB shareholders will receive $0.32 for each share of CVB common stock they owned, or approximately $853,000 in the aggregate. In addition, C&F purchased from the U.S. Treasury for $3.35 million all of CVB's preferred stock and warrants issued to the U.S. Treasury under the Capital Purchase Program. CVB's stock symbol CVBK was retired effective October 1, 2013. 

Company Quote

-0.27 -0.77%
11:47am EDT