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News Breaks | | | | November 17, 2011 | | 14:47 EDT |  | CFFI | C&F Financial increases dividend to 26c from 25c
The board of directors of C&F Financial Corporation has declared a regular cash dividend of 26c per common share, which is payable January 1, 2012 to shareholders of record on December 15. This dividend amount represents a 4% increase over the prior quarter's dividend amount of 25c. | |
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News For CFFI From The Last 14 Days Check below for free stories on CFFI the last two weeks. |
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| June 10, 2013 | | 18:32 EDT | | CFFI | C&F Financial to acquire Central Virginia Bankshares
C&F Financial and Central Virginia Bankshares jointly announce the signing of a definitive merger agreement pursuant to which C&F will acquire CVB in an all-cash transaction valued at 32c per common share, or approximately $855,000. In addition, subject to final documentation, C&F will redeem for $3.35M all of CVB's preferred stock and warrants issued to the U.S. Treasury under the Capital Purchase Program, which totaled $13.24M including unpaid dividends as of March 31. The transaction is expected to close in Q4. "Excluding merger related costs and with the anticipated cost savings, we expect the acquisition to be accretive to C&F's earnings in the first 12 months after the acquisition," said C&F Financial executive VP and CFO, Tom Cherry. | |
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