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Eastern Virginia Bankshares (EVBS) in Tappahannock plans to raise $50 million through a private placement and a rights offering.
March 27 -
Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.
June 11
Eastern Virginia Bancshares (EVBS) in Tappahannock has closed a $5 million rights offering.
The rights offering followed a
The offering allowed Eastern Virginia's stockholders to
When Eastern Virginia Bancshares announced the capital raise in March, it said it would use the money to dispose of problem assets and restructure $117.5 million in Federal Home Loan bank advances, with the goal of shedding a 2011 written agreement with the Federal Reserve Board.