Bank of Virginia Announces Extension of Rights Offering
03 November 2012 - 9:14AM
Bank of Virginia (the "Bank") (Nasdaq:BOVA) (www.bankofva.com),
(the Bank) today announced that it has extended its rights offering
deadline to 5:00 pm Eastern time on November 13, 2012 from the
original expiration date of November 6, 2012. The Bank decided to
extend the rights offering because of the effects of Hurricane
Sandy and the impediments that the storm may have caused for
stockholders seeking to submit their rights offering documents in a
timely manner.
The Bank's majority shareholder, Cordia Bancorp Inc., previously
announced its investment of $3 million in the Bank's common stock
on the same terms being offered to the Bank's minority shareholders
in the rights offering.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities, nor shall there be
any offer, solicitation or sale of the securities in any state in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification of the securities under the
securities laws of such state.
The rights offering will be made only by means of the offering
circular dated October 12, 2012, copies of which were mailed to all
stockholders of record as of September 20, 2012. Stockholders may
request a copy of the offering circular by contacting the
information agent for the rights offering, Eagle Rock Proxy
Advisors, LLC at 855-706-2375 (toll free).
About Bank of Virginia
Bank of Virginia, a state chartered bank headquartered in
Midlothian, Virginia, currently operates four full-service offices
in the counties of Chesterfield and Henrico, Virginia. Bank of
Virginia's common stock is traded on the NASDAQ stock market under
the quotation symbol "BOVA". Additional investor relations
information can be found on the internet at www.bankofva.com. Bank
of Virginia is a member of the FDIC and an Equal Housing
Lender.
CONTACT: Jack Zoeller,
Chairman & CEO, 804-763-1333
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