Union First Market Bankshares Declares Quarterly Cash Dividend

RICHMOND, Va., July 27, 2012 /PRNewswire/ -- Union First Market Bankshares Corporation (NASDAQ: UBSH) has declared a quarterly dividend of $0.10 per share.  The dividend amount is a two cent, or 25%, increase from the prior quarter dividend.   

Second quarter net income available to common shareholders was $8.42 million or $0.32 per fully diluted share, compared to $7.92 million or $0.31 per share, in the first quarter and $6.29 million or $0.24 per share, for the second 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 $15.22 on July 17, 2012, the dividend yield is 2.63%.  The dividend is payable on August 30, 2012 to shareholders of record as of August 18, 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 http://investors.bankatunion.com

SOURCE Union First Market Bankshares Corporation


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