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Bank of Virginia Announces Extension of Rights Offering

 

Nov 5 - Bank of Virginia (Nasdaq:BOVA) has extended its rights offering deadline to 5:00 p.m. Eastern time on Nov. 13, 2012, from the original expiration date of Nov. 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.

 


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