Market Overview

Union First Market Bankshares Declares Quarterly Cash Dividend


RICHMOND, Va., Oct. 26, 2012 /PRNewswire/ -- Union First Market Bankshares Corporation (NASDAQ: UBSH) has declared a quarterly dividend of $0.12 per share.  The dividend amount represents a 20% increase over the previous quarterly dividend rate and a 71% increase over the dividend rate for the same quarter last year.   

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Third quarter net income available to common shareholders was $9.6 million or $0.37 per fully diluted share, compared to $8.4 million or $0.32 per share, in the second quarter and $$8.5 million or $0.33 per share, for the third quarter last year.   Net income available to common shareholders in the prior year included a deduction for preferred stock dividends and discount accretion.

Based on the stock's closing price of $15.55 on October 25, 2012, the dividend yield is approximately 3.1%.  The dividend is payable on November 30, 2012 to shareholders of record as of November 16, 2012.


Headquartered in Richmond, Virginia, Union First Market Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union First Market Bank, which has 94 branches and more than 150 ATMs throughout Virginia.  Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products.  Union First Market Bank also owns a non-controlling interest in Johnson Mortgage Company, L.L.C. 

Additional information on the Company is available at

SOURCE Union First Market Bankshares Corporation

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