M&A Deal Summary

Xenith Bankshares Acquires Colonial Virginia Bank

On July 1, 2014, Xenith Bankshares acquired financial services company Colonial Virginia Bank

Acquisition Highlights
  • This is Xenith Bankshares’ 1st transaction in the Financial Services sector.
  • This is Xenith Bankshares’ 1st transaction in the United States.
  • This is Xenith Bankshares’ 1st transaction in Vermont.

M&A Deal Summary
Date 2014-07-01
Target Colonial Virginia Bank
Sector Financial Services
Buyer(s) Xenith Bankshares
Deal Type Merger

Target

Colonial Virginia Bank

Gloucester, Vermont, United States
Colonial Virginia Bank is a provider of financial services.

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Buyer(S) 1

Buyer

Xenith Bankshares

Richmond, Virginia, United States
Category Company
Founded 2008
Sector Financial Services
Employees115
Revenue 38M USD (2015)
DESCRIPTION

Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Merger) 1 of 2
State (Vermont) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Hampton Roads Bankshares

Virginia Beach, Virginia, United States

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.

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