UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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 Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. |
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Item 8.01 Other Events.
On November 20, 2020, Fauquier Bankshares, Inc. issued a press release announcing the declaration of a quarterly dividend of $0.125 per share, payable on January 4, 2021 to shareholders of record as of the close of business on December 18, 2020. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
Exhibit No.Description
99.1 Fauquier Bankshares, Inc. Press Release dated November 20, 2020.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
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 hereunto duly authorized.
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Fauquier Bankshares, Inc. |
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Date: November 20, 2020 |
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By: |
/s/ Christine E. Headly |
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Christine E. Headly |
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Executive Vice President and Chief Financial Officer |
Exhibit 99.1
PRESS RELEASE
CONTACT CHRIS HEADLY
(540) 349-0218 or
chris.headly@TFB.bank
Fauquier Bankshares, Inc. Announces Quarterly Dividend
WARRENTON, VA, November 20, 2020 – Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on November 19, 2020 declared a quarterly dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis. This dividend was declared for shareholders of record as of the close of business on December 18, 2020 and will be payable on January 4, 2021.
Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $840.3 million and total shareholders’ equity of $72.2 million at September 30, 2020. The Fauquier Bank, is an independent community bank offering a full range of financial services, including internet banking, mobile banking, commercial, retail, insurance, wealth management, and financial planning services through eleven banking offices throughout Fauquier and Prince William counties in Virginia.
This press release may contain “forward-looking statements” as defined by federal securities laws. These statements address issues that involve risks, uncertainties, estimates and assumptions made by management, and actual results could differ materially from the results contemplated by these forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in: interest rates, general economic conditions, the legislative/regulatory climate, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, the value of the collateral securing loans in the portfolio, demand for loan products, deposit flows, the level of net charge-offs on loans and the adequacy of the allowance for loan losses, competition, demand for financial services in the Company’s market area, the Company’s plans to increase market share, mergers, acquisitions and dispositions, cybersecurity threats or attacks, and tax and accounting principles, policies and guidelines. Readers should consider these risks and uncertainties in evaluating our forward-looking statements and should not place undue reliance on such statements. We undertake no obligation to update these statements following the date of this news release.
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Document and Entity Information |
Nov. 20, 2020 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Nov. 20, 2020 |
Entity Registrant Name | Fauquier Bankshares, Inc. |
Entity Central Index Key | 0001083643 |
Entity Incorporation, State or Country Code | VA |
Entity File Number | 000-25805 |
Entity Tax Identification Number | 54-1288193 |
Entity Address, Address Line One | 10 Courthouse Square |
Entity Address, City or Town | Warrenton |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 20186 |
City Area Code | 540 |
Local Phone Number | 347-2700 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock Par value $3.13 per share |
Security Exchange Name | NASDAQ |
Trading Symbol | FBSS |
Entity Emerging Growth Company | false |
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