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Form 8-K Union Bankshares Corp For: Jan 26

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January 26, 2017 11:34 AM EST


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 26, 2017
 
UNION BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
________________________
 

Virginia
0-20293
54-1598552
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
 
 
 

 
1051 East Cary Street
Suite 1200
Richmond, Virginia 23219
(Address of principal executive offices, including Zip Code)
________________________
 
Registrant’s telephone number, including area code: (804) 633-5031
________________________
 
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 (see General Instruction A.2. below): 
 
¨
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 13c-4(c) under the Exchange Act (17 CFR 240.13c-4(c))




Item 8.01 Other Events.
 
On January 26, 2017, Union Bankshares Corporation issued a press release announcing the declaration of a quarterly dividend payable on February 24, 2017 to shareholders of record as of February 10, 2017. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated herein by reference.
  
Item 9.01 Financial Statements and Exhibits.
 
(d)
Exhibits.
99.1

Union Bankshares Corporation press release dated January 26, 2017.




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 thereunto duly authorized.
 
 
UNION BANKSHARES CORPORATION
 
 
 
 
 
 
 
 
 
 
 
 
 
Date: January 26, 2017
By:
/s/ Robert M. Gorman
 
 
 
Robert M. Gorman
 
 
 
Executive Vice President and
 
 
 
     Chief Financial Officer
 



Exhibit 99.1

ubtlogoa04.jpg

Union Bankshares Corporation Declares Quarterly Dividend

Richmond, Va., January 26, 2017 - Union Bankshares Corporation has declared a quarterly dividend of $0.20 per share.  The dividend amount is the same as the prior quarter's dividend and is a $0.01, or 5.3%, per share increase from prior year’s quarterly dividend level.

Based on the stock’s closing price of $37.66 on January 25, 2017, the dividend yield is approximately 2.1%.  The dividend is payable on February 24, 2017 to shareholders of record as of February 10, 2017.

ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union Bank & Trust, which has 114 banking offices and approximately 185 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products, Old Dominion Capital Management, Inc., which provides investment advisory services, and Union Insurance Group, LLC, which offers various lines of insurance products.

Additional information on the company is available at http://investors.bankatunion.com.

Contact: Bill Cimino (804) 448-0937, VP and Director of Corporate Communications

###




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