Virginia First Financial Corp. has become the latest community bank to try to protect itself from unwanted suitors through a shareholders rights plan.

Last week, the company said, it adopted a preferred share purchase rights plan "designed to discourage takeovers that do not provide fair value to all stockholders."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.