Virginia National Bank shareholders suggest exploring sale or merger - Work It, Cville: News

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Virginia National Bank shareholders suggest exploring sale or merger

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Posted: Wednesday, March 19, 2014 8:00 pm | Updated: 10:35 am, Thu Mar 20, 2014.

A federal filing by a member of a small group of Virginia National Bank shareholders says the Charlottesville-based bank should informally explore the option of a sale or merger.

In the March 14 Schedule 13D filing with the U.S. Securities and Exchange Commission, SRCM Holdings LLC and Swift Run Capital Management wrote that Virginia National Bankshares Corp. is “an attractive banking franchise located in a stable, growing marketplace, one that is potentially desirable to many bank merger partners or acquirers.”

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