EVBS News 6.60 Eastern Virginia Bankshares (EVBS)

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Apr 18, 2014 at 12:14 AM

Eastern Virginia Bankshares (EVBS) 6.60 $EVBS

Eastern Virginia Bankshares, Inc., Sonabank, Southern Trust Mortgage management enter into agreement with Middleburg Bank to purchase Middleburg Bank's interests in Southern Trust Mortgage
PR Newswire - Thu Mar 27, 12:45PM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS), the holding company for EVB, Southern National Bancorp of Virginia Inc. (NASDAQ: SONA), the holding company for Sonabank, and Jerry Flowers of Southern Trust Mortgage (STM), announced today that the two banks and Jerry Flowers have reached an agreement with Middleburg Bank to purchase the 62 percent of STM currently owned by Middleburg Bank. Upon the closing of the transaction, Jerry Flowers and other STM executives will own 51.1 percent of STM, Sonabank will own 44 percent and EVB will own 4.9 percent.

Eastern Virginia Bankshares, Inc. Announces Termination of Memorandum of Understanding
PR Newswire - Wed Mar 26, 1:30PM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

announced today the termination of the informal memorandum of understanding, dated September 5, 2013 (the "MOU"

, by and among the Company, EVB (the Company's wholly-owned bank subsidiary), the Federal Reserve Bank of Richmond (the "Reserve Bank"

and the Virginia State Corporation Commission Bureau of Financial Institutions (the "Bureau"

. The termination was effective as of March 13, 2014.

Sonabank, Southern Trust Mortgage Management and EVB Enter Into Agreement to Purchase Middleburg Bank's Interests in Southern Trust Mortgage
GlobeNewswire - Wed Mar 26, 11:10AM CDT
Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, Jerry Flowers of Southern Trust Mortgage (STM), and Eastern Virginia Bankshares (Nasdaq:EVBS) the holding company for EVB announced today that the two banks and Jerry Flowers have reached an agreement to purchase the 62 percent of STM currently owned by Middleburg Bank. Upon the closing of the transaction, Jerry Flowers and other STM executives will own 51.1 percent of STM, Sonabank will own 44 percent and EVB will own 4.9 percent.

Nasdaq stocks posting largest volume decreases
AP - Mon Mar 10, 5:09PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:

Eastern Virginia Bankshares, Inc. Releases Fourth Quarter and Year to Date 2013 Results
PR Newswire - Mon Feb 24, 3:30PM CST
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

reported today its results of operations for the three and twelve months ended December 31, 2013.

Eastern Virginia Bankshares, Inc. Releases Third Quarter 2013 Results
PR Newswire - Wed Nov 13, 4:00PM CST
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

reported today its results of operations for the three and nine months ended September 30, 2013.

Eastern Virginia Bankshares, Inc. Announces Prepayment of $107.5 Million of FHLB Advances
PR Newswire - Fri Aug 16, 10:00AM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

, the holding company for EVB (the "Bank"

, announced today the prepayment of $107.5 million of long-term Federal Home Loan Bank ("FHLB"

advances, successfully completing one of the Company's previously disclosed strategic initiatives. This transaction immediately improves the Company's financial position by increasing the Company's net interest margin and is a significant step towards optimizing the Company's balance sheet. The borrowings extinguished were fixed rate advances with a weighted average remaining maturity of 3.5 years and a current weighted average interest rate of 4.14%; $94.0 million of the prepaid FHLB advances were callable quarterly by the FHLB. The repayment of the FHLB advances triggered a prepayment penalty of $11.5 million, or $0.67 per fully diluted share, all of which will be recognized in the third quarter of 2013 and which the Company expects to be offset in future periods by a higher net interest margin. The remaining $10.0 million of long-term FHLB advances will be paid off at maturity in September 2013.

Eastern Virginia Bankshares, Inc. Announces Termination of Written Agreement
PR Newswire - Fri Aug 02, 11:29AM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

announced today the termination of the written agreement, dated February 17, 2011, by and among the Company, EVB (the Company's wholly-owned bank subsidiary), the Federal Reserve Bank of Richmond (the "Reserve Bank"

and the Virginia State Corporation Commission Bureau of Financial Institutions (the "Bureau"

. The termination was effective as of July 30, 2013. The Company and EVB anticipate entering into an informal memorandum of understanding with the Reserve Bank and the Bureau with terms to be determined.

Eastern Virginia Bankshares, Inc. Releases Second Quarter 2013 Results
PR Newswire - Tue Jul 23, 8:00AM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

reported today its results of operations for the three and six months ended June 30, 2013.

Eastern Virginia Bankshares, Inc. Announces Expiration and Oversubscription of $5.0 Million Rights Offering
PR Newswire - Mon Jul 01, 4:15PM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

announced today the expiration at 5:00 p.m., Eastern time, on June 28, 2013 of the subscription period for its previously announced $5.0 million rights offering. Preliminary results indicate that the rights offering was oversubscribed and, as a result, the Company expects to receive gross proceeds of approximately $5.0 million from the offering. Following the issuance of the newly subscribed common shares, which will occur as soon as practicable, the Company will have approximately 11.82 million total common shares outstanding. Any excess subscription payments received by the subscription agent will be returned, without interest, as soon as practicable.

Eastern Virginia Bankshares, Inc. Announces Closing of $45.0 Million Private Placement
PR Newswire - Wed Jun 12, 4:39PM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

announced today the closing of the previously announced $45.0 million private placements with affiliates of Castle Creek Capital Partners ("Castle Creek"

and GCP Capital Partners ("GCP Capital"

and certain other institutional investors pursuant to which the Company issued 4,649,919 newly issued shares of the Company's common stock and 5,240,192 shares of a new series of non-voting mandatorily convertible non-cumulative preferred stock, each at $4.55 per share (the "Private Placements"

.

Eastern Virginia Bankshares, Inc. Sets Record Date for Rights Offering
PR Newswire - Thu Apr 18, 2:00PM CDT
Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the "Company"

announced today that it has set 5:00 p.m. eastern time on May 3, 2013 as the record date for its previously announced rights offering.

Market Maker Surveillance Report. GV, PFIN, EVBS, ISNS, MBLX, RHT, Losing Stocks With Lowest Price Friction For Wednesday, March 27th 2013
M2 - Thu Mar 28, 4:50AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 3956 companies with "abnormal" market making, 2401 companies with positive Friction Factors and 2770 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Goldfield Corp (AMEX:GV), P & F Industries Inc (NASDAQ

FIN), Eastern Virginia Bankshares Inc (NASDAQ:EVBS), Image Sensing Systems Inc (NASDAQ:ISNS), Metabolix Inc (NASDAQ:MBLX), Red Hat Inc (NYSE:RHT). To access Friction Factor, Naked Short Data and SqueezeTri

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