Business Context and Reporting Period
Company: Virginia National Bankshares Corp
Filing Type: Form 8-K (Current Report)
Date of Report: March 21, 2019
Reporting Period: Specific events occurring on March 21, 2019, and March 26, 2019.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses on corporate actions rather than financial performance results.
Material Changes and Events
- Dividend Declaration: The Board of Directors declared a quarterly cash dividend of $0.30 per share.
- Payment Details: The dividend is payable on April 18, 2019, to shareholders of record as of April 4, 2019.
- Strategic Expansion: On March 26, 2019, the Company announced plans to open a loan production office (LPO) in Richmond, Virginia.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of specific risks and contingencies beyond the announcement of the new loan production office. No unusual items were reported.
Investor Verification Checklist
- Verify the record date (April 4, 2019) and payment date (April 18, 2019) for the $0.30 per share dividend.
- Confirm the operational status and timeline for the new Richmond, Virginia loan production office.
- Review the full press statement (Exhibit 99.1) for additional details on the expansion strategy.