Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) Files An 8-K Other EventsItem 8.01
2017 Annual Meeting of Shareholders
As previously disclosed, on December 13, 2016, Eastern Virginia Bankshares, Inc. (“EVBS”) and Southern National Bancorp of Virginia, Inc. (“SONA”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) to which EVBS will merge with and into SONA (the “Merger”) and SONA will be the surviving corporation in the Merger.
On February 23, 2017, the EVBS Board of Directors decided to postpone the 2017 Annual Meeting of Shareholders because of the pending transactions contemplated by the Merger Agreement, which are expected to close in the second quarter of 2017.
As a result of the postponement of the 2017 Annual Meeting of Shareholders, the due dates for the submission of any qualified shareholder proposal under the rules of the Securities and Exchange Commission (the “SEC”) and EVBS’s bylaws, described in the EVBS 2016 Proxy Statement filed with the SEC on April 21, 2016, are no longer applicable. In the event the EVBS Board of Directors determines it advisable to hold the 2017 Annual Meeting of Shareholders, EVBS will notify shareholders of the new meeting date and the due dates by which any qualified shareholder proposal should be submitted. Any such notice will be provided in accordance with state law, the EVBS bylaws and the requirements of the SEC.
About Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS)
Eastern Virginia Bankshares, Inc. is a bank holding company. The Company operates through its bank subsidiary, EVB (the Bank). EVB is a community bank focusing on small to medium-sized businesses and consumers in its coastal plain markets and the emerging suburbs outside of the Richmond, Tidewater, and southern Virginia areas. The Company provides general commercial financial services to customers located in the geographic areas of its retail branch network. It provides a range of personal and commercial banking services, including commercial, consumer and real estate loans. Its investment securities include agency residential mortgage-backed securities, agency commercial mortgage-backed securities, and state and political subdivisions. The Company offers a range of retail and commercial deposit products and fee-based services. Its deposits include demand deposits, savings and money market accounts, and time deposits. Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) Recent Trading Information
Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) closed its last trading session up +0.07 at 10.84 with 3,158 shares trading hands.