Xenith Bankshares (XBKS) 5.99 $XBKS
Colonial Virginia Bank Announces 1st Quarter 2014 Operating Results
GlobeNewswire - Mon May 12, 4:31PM CDT
Colonial Virginia Bank (OTCBB:CNVB) ("the Bank"
, today reported net income of $73,529 after taxes, or $0.12 per share, for the quarter ended March 31, 2014, compared to net income of $164,506, or $0.27 per share assuming dilution, for the same period in 2013. As announced March 21, 2014, the Bank entered into a definitive merger agreement on March 20, 2014 with Xenith Bankshares (XBKS), Richmond, VA, whereby the Bank will be merged with and into Xenith Bank, wholly owned subsidiary of Xenith Bankshares. A major factor in the reduction in the Bank's net income was attributable to merger related expenses, totaling $137,259 in the current quarter, compared to $0 for the quarter ended March 31, 2013. Absent the extraordinary merger related costs, net income for the quarter would have totaled approximately $164,120 or $0.27 per share for the current quarter, substantially level to the same period in 2013. Return on average assets ("ROAA" was 0.30% for the current quarter compared to 0.59% for March 31, 2013. Earnings performance from core operations, exclusive of the recent merger related expenses, has continued to reflect stability in recent quarters, an improvement over several quarters of volatile effects from the economic debacle of the past few years.
Thomas G. Snead, Jr. Elected Chairman of the Board of Directors of Xenith Bankshares, Inc.
GlobeNewswire - Wed May 07, 9:14AM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, today announced that its board of directors elected Thomas G. Snead, Jr. as Chairman of Xenith Bankshares' Board at its annual meeting held on May 1, 2014. Mr. Snead, who is retired, has served on the board of directors of Xenith Bankshares, Inc. since May 2, 2013. He previously served as President and Chief Executive Officer of Wellpoint Inc., Southeast Region, a managed care and health insurance company from December 2004 through January 2006. From July 2002 to December 2004, he served as President of Anthem Southeast, a subsidiary of Anthem, Inc. and Chairman and Chief Executive Officer of Trigon Healthcare, Inc., a managed healthcare company.
Xenith Bankshares, Inc. Reports First Quarter 2014 Results, Including Strong Loan Growth
GlobeNewswire - Wed Apr 30, 5:53PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced financial results for the three months ended March 31, 2014.
Xenith Bankshares, Inc. and Gloucester-Based Colonial Virginia Bank Announce Merger Agreement
GlobeNewswire - Fri Mar 21, 7:10AM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company to Xenith Bank, and Colonial Virginia Bank ("CVB" today announced the signing of a definitive merger agreement, whereby CVB will be merged with and into Xenith Bank. CVB operates two full-service branches in the Gloucester, Virginia area and one loan production office in Yorktown, Virginia. As of June 30, 2013, CVB had the largest share of deposits in Gloucester County, Virginia according to the Federal Deposit Insurance Corporation. As of December 31, 2013, CVB reported total assets of $114.9 million, net loans of $71.4 million, total deposits of $99.5 million and equity of $12.1 million.
Global and Chinese Single-Mode Optical Fiber Industry Report 2014
M2 - Thu Feb 27, 2:55AM CST
Research and Markets (http://www.researchandmarkets.com/research/s6rsh3/global_and) has announced the addition of the "Global and Chinese Single-Mode Optical Fiber Industry Report 2014" report to their offering. The Global and Chinese Single-Mode Optical Fiber Industry Report 2014 is a professional and in-depth study on the current state of the global single-mode optical fiber industry with a focus on the Chinese situation. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Single-mode optical fiber market analysis is provided for both the international and Chinese domestic situations including development trends, competitive landscape analysis, key regions development status and a comparison analysis between the international and Chinese markets. Development policies and plans are also discussed and manufacturing processes and cost structures analyzed. Single-mode optical fiber industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided. A key feature of the report is its focus on 14 industry players providing information such as company profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. Single-mode optical fiber industry development proposals and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. Key Topics Covered: Chapter One Single-Mode Optical Fiber Industry Overview Chapter Two Single-mode Optical Fiber International and China Market Analysis Chapter Three Single-mode Optical Fiber Development Environmental Analysis Chapter Four Single-mode Optical Fiber Development Policy and Plan Chapter Five Single-mode Optical Fiber Manufacturing Process and Cost Structure Chapter Six 2009-2014 Single-mode Optical Fiber Productions Supply Sales Demand Market Status and Forecast Chapter Seven Single-mode Optical Fiber Key Manufacturers Analysis Chapter Eight Up and Down Stream Industry Analysis Chapter Nine Single-mode Optical Fiber Marketing Channels Analysis Chapter Ten 2014-2018 Single-mode Optical Fiber Productions Supply Sales Demand Market Status and Forecast Chapter Eleven Single-mode Optical Fiber Industry Development Proposals Chapter Twelve Single-mode Optical Fiber New Project Investment Feasibility Analysis Chapter Thirteen Global and China Single-mode Optical Fiber Industry Research Conclusions Companies Mentioned - Alcatel-Lucent - Corning - Fasten Fiber optics Co., Ltd (FPC) - Fiber Home Technologies Group - Fujikura - Furukawa Electric - Futong Group - Hengtong Optic-electric Co., Ltd. - Pirelli - Shenzhen Tefa Touchplus Information Corp - Sumitomo Electric - Tongding Group - Yangtze Optical Fibre and Cable Company Ltd. (YOFC) For more information visit http://www.researchandmarkets.com/research/s6rsh3/global_and
Xenith Bankshares, Inc. Reports 2013 Financial Results Reflecting Loan, Deposit, Total Asset Growth
GlobeNewswire - Wed Feb 19, 4:19PM CST
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced financial results for the year and quarter ended December 31, 2013.
Xenith Bankshares, Inc. Announces Retirement of Director and Board Chairman
GlobeNewswire - Thu Jan 23, 3:06PM CST
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, today announced that its Board Chairman will not stand for re-election to the company's board of directors at the company's annual meeting of shareholders scheduled for May 1, 2014.
Xenith Bankshares Upped to Strong Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 30, 3:34PM CST
On Dec 27, Zacks Investment Research upgraded Xenith Bankshares, Inc. to a Zacks Rank #1 (Strong Buy)
Xenith Bankshares, Inc. Reports Second Quarter, First Half 2013 Results and Announces Share Repurchase Program
GlobeNewswire - Wed Jul 31, 3:05PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond and Greater Hampton Roads, Virginia markets, today announced financial results for the three and six months ended June 30, 2013.
Xenith Bankshares, Inc. Reports Year-Over-Year Balance Sheet and Profitability Growth in First Quarter 2013
GlobeNewswire - Wed May 01, 3:16PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond and Greater Hampton Roads, Virginia markets, today announced financial results for the quarter ended March 31, 2013. Net income was $418,000, or $0.04 per common share, in first quarter 2013, compared to $312,000, or $0.03 per common share, in first quarter 2012. Pre-tax net income more than doubled to $663,000 in first quarter 2013 compared to $312,000 in first quarter 2012. The company reported no income tax expense in first quarter 2012.
Xenith Bankshares, Inc. Announces Retirement of Directors and New Nominee
GlobeNewswire - Thu Mar 21, 3:05PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced that two members of its board of directors will not stand for re-election, and that the board of directors has nominated a new candidate for election to the board of directors, at the company's upcoming annual meeting of shareholders scheduled for May 2, 2013.
Colonial Virginia Bank Announces 1st Quarter 2014 Operating Results
GlobeNewswire - Mon May 12, 4:31PM CDT
Colonial Virginia Bank (OTCBB:CNVB) ("the Bank"
, today reported net income of $73,529 after taxes, or $0.12 per share, for the quarter ended March 31, 2014, compared to net income of $164,506, or $0.27 per share assuming dilution, for the same period in 2013. As announced March 21, 2014, the Bank entered into a definitive merger agreement on March 20, 2014 with Xenith Bankshares (XBKS), Richmond, VA, whereby the Bank will be merged with and into Xenith Bank, wholly owned subsidiary of Xenith Bankshares. A major factor in the reduction in the Bank's net income was attributable to merger related expenses, totaling $137,259 in the current quarter, compared to $0 for the quarter ended March 31, 2013. Absent the extraordinary merger related costs, net income for the quarter would have totaled approximately $164,120 or $0.27 per share for the current quarter, substantially level to the same period in 2013. Return on average assets ("ROAA" was 0.30% for the current quarter compared to 0.59% for March 31, 2013. Earnings performance from core operations, exclusive of the recent merger related expenses, has continued to reflect stability in recent quarters, an improvement over several quarters of volatile effects from the economic debacle of the past few years. Thomas G. Snead, Jr. Elected Chairman of the Board of Directors of Xenith Bankshares, Inc.
GlobeNewswire - Wed May 07, 9:14AM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, today announced that its board of directors elected Thomas G. Snead, Jr. as Chairman of Xenith Bankshares' Board at its annual meeting held on May 1, 2014. Mr. Snead, who is retired, has served on the board of directors of Xenith Bankshares, Inc. since May 2, 2013. He previously served as President and Chief Executive Officer of Wellpoint Inc., Southeast Region, a managed care and health insurance company from December 2004 through January 2006. From July 2002 to December 2004, he served as President of Anthem Southeast, a subsidiary of Anthem, Inc. and Chairman and Chief Executive Officer of Trigon Healthcare, Inc., a managed healthcare company.
Xenith Bankshares, Inc. Reports First Quarter 2014 Results, Including Strong Loan Growth
GlobeNewswire - Wed Apr 30, 5:53PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced financial results for the three months ended March 31, 2014.
Xenith Bankshares, Inc. and Gloucester-Based Colonial Virginia Bank Announce Merger Agreement
GlobeNewswire - Fri Mar 21, 7:10AM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company to Xenith Bank, and Colonial Virginia Bank ("CVB"
today announced the signing of a definitive merger agreement, whereby CVB will be merged with and into Xenith Bank. CVB operates two full-service branches in the Gloucester, Virginia area and one loan production office in Yorktown, Virginia. As of June 30, 2013, CVB had the largest share of deposits in Gloucester County, Virginia according to the Federal Deposit Insurance Corporation. As of December 31, 2013, CVB reported total assets of $114.9 million, net loans of $71.4 million, total deposits of $99.5 million and equity of $12.1 million. Global and Chinese Single-Mode Optical Fiber Industry Report 2014
M2 - Thu Feb 27, 2:55AM CST
Research and Markets (http://www.researchandmarkets.com/research/s6rsh3/global_and) has announced the addition of the "Global and Chinese Single-Mode Optical Fiber Industry Report 2014" report to their offering. The Global and Chinese Single-Mode Optical Fiber Industry Report 2014 is a professional and in-depth study on the current state of the global single-mode optical fiber industry with a focus on the Chinese situation. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Single-mode optical fiber market analysis is provided for both the international and Chinese domestic situations including development trends, competitive landscape analysis, key regions development status and a comparison analysis between the international and Chinese markets. Development policies and plans are also discussed and manufacturing processes and cost structures analyzed. Single-mode optical fiber industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided. A key feature of the report is its focus on 14 industry players providing information such as company profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. Single-mode optical fiber industry development proposals and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. Key Topics Covered: Chapter One Single-Mode Optical Fiber Industry Overview Chapter Two Single-mode Optical Fiber International and China Market Analysis Chapter Three Single-mode Optical Fiber Development Environmental Analysis Chapter Four Single-mode Optical Fiber Development Policy and Plan Chapter Five Single-mode Optical Fiber Manufacturing Process and Cost Structure Chapter Six 2009-2014 Single-mode Optical Fiber Productions Supply Sales Demand Market Status and Forecast Chapter Seven Single-mode Optical Fiber Key Manufacturers Analysis Chapter Eight Up and Down Stream Industry Analysis Chapter Nine Single-mode Optical Fiber Marketing Channels Analysis Chapter Ten 2014-2018 Single-mode Optical Fiber Productions Supply Sales Demand Market Status and Forecast Chapter Eleven Single-mode Optical Fiber Industry Development Proposals Chapter Twelve Single-mode Optical Fiber New Project Investment Feasibility Analysis Chapter Thirteen Global and China Single-mode Optical Fiber Industry Research Conclusions Companies Mentioned - Alcatel-Lucent - Corning - Fasten Fiber optics Co., Ltd (FPC) - Fiber Home Technologies Group - Fujikura - Furukawa Electric - Futong Group - Hengtong Optic-electric Co., Ltd. - Pirelli - Shenzhen Tefa Touchplus Information Corp - Sumitomo Electric - Tongding Group - Yangtze Optical Fibre and Cable Company Ltd. (YOFC) For more information visit http://www.researchandmarkets.com/research/s6rsh3/global_and
Xenith Bankshares, Inc. Reports 2013 Financial Results Reflecting Loan, Deposit, Total Asset Growth
GlobeNewswire - Wed Feb 19, 4:19PM CST
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced financial results for the year and quarter ended December 31, 2013.
Xenith Bankshares, Inc. Announces Retirement of Director and Board Chairman
GlobeNewswire - Thu Jan 23, 3:06PM CST
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, today announced that its Board Chairman will not stand for re-election to the company's board of directors at the company's annual meeting of shareholders scheduled for May 1, 2014.
Xenith Bankshares Upped to Strong Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 30, 3:34PM CST
On Dec 27, Zacks Investment Research upgraded Xenith Bankshares, Inc. to a Zacks Rank #1 (Strong Buy)
Xenith Bankshares, Inc. Reports Second Quarter, First Half 2013 Results and Announces Share Repurchase Program
GlobeNewswire - Wed Jul 31, 3:05PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond and Greater Hampton Roads, Virginia markets, today announced financial results for the three and six months ended June 30, 2013.
Xenith Bankshares, Inc. Reports Year-Over-Year Balance Sheet and Profitability Growth in First Quarter 2013
GlobeNewswire - Wed May 01, 3:16PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington, D.C., Richmond and Greater Hampton Roads, Virginia markets, today announced financial results for the quarter ended March 31, 2013. Net income was $418,000, or $0.04 per common share, in first quarter 2013, compared to $312,000, or $0.03 per common share, in first quarter 2012. Pre-tax net income more than doubled to $663,000 in first quarter 2013 compared to $312,000 in first quarter 2012. The company reported no income tax expense in first quarter 2012.
Xenith Bankshares, Inc. Announces Retirement of Directors and New Nominee
GlobeNewswire - Thu Mar 21, 3:05PM CDT
Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, a business-focused bank serving the Greater Washington D.C., Richmond, and Greater Hampton Roads, Virginia markets, today announced that two members of its board of directors will not stand for re-election, and that the board of directors has nominated a new candidate for election to the board of directors, at the company's upcoming annual meeting of shareholders scheduled for May 2, 2013.
