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Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.
October 1 -
Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.
May 7 -
The Federal Reserve is tracking the competitive climate among community banks, including the dearth of new charter activity. Key officials also used opening remarks at the Fed's community banking conference to outline ways they are trying to improve communication with bankers.
September 23 -
Citizens Community Bank in South Hill, Va., has redeemed about 75% of its outstanding preferred stock in the Small Business Lending Fund.
June 26
Xenith Bankshares in Richmond, Va. has issued $8.5 million in subordinated debt and plans to use the proceeds to exit the Small Business Lending Fund.
The $993 million-asset company on June 19 issued unsecured 6.75% subordinated notes due 2025. Xenith said it will use the proceeds to redeem all of its 8,381 outstanding preferred stock in the U.S. Treasury Department's SBLF program.
Xenith issued the subordinated notes to EJF Capital in Arlington, Va., according to a regulatory filing.
SunTrust Robinson Humphrey was placement agent for Xenith on the notes offering. Bryan Cave was legal counsel to EJF on the transaction.
