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EX-99.1 - EXHIBIT 99.1 - EASTERN VIRGINIA BANKSHARES INCv398891_ex99-1.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

  

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 20, 2015

 

  

Eastern Virginia Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

         
Virginia   000-23565   54-1866052

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

 

(IRS Employer

Identification No.)

 

 

         
330 Hospital Road, Tappahannock, Virginia   22560
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (804) 443-8400

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

 
 

 

Item 8.01Other Events

 

On January 20, 2015, Eastern Virginia Bankshares, Inc. (the “Company”) issued a press release (the “Press Release”) announcing the Company’s redemption (the “Partial Redemption”) of an additional 5,000 shares, or 35.7%, of its 14,000 shares of outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”) that were originally issued to the United States Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program. The Company previously redeemed 10,000 shares of the Series A Preferred Stock in October 2014. Following completion of the Partial Redemption, 9,000 shares of Series A Preferred Stock remain outstanding.

 

A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits

 

(d)Exhibits

 

Exhibit No. Description
   
99.1 Press release dated January 20, 2015.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       
       
  EASTERN VIRGINIA BANKSHARES, INC.
       
Dated:January 20, 2015 /s/ J. Adam Sothen  
  By:  J. Adam Sothen  
  Executive Vice President &  
  Chief Financial Officer  

 

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Exhibit Index

 

Exhibit No. Description
   
99.1 Press release dated January 20, 2015.

  

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