Hi SF, re: History,
Here's the history about the merger that counts for me... From the press release...
"Xenith Bankshares, Inc. (f/k/a Hampton Roads Bankshares, Inc., the “Combined Company”), is the holding company for Xenith Bank, a full-service commercial bank headquartered in Richmond, Virginia.
On July 29, 2016, legacy Xenith Bankshares, Inc. (”XBKS”) and Hampton Roads Bankshares, Inc. (“HRB”), the holding company for The Bank of Hampton Roads (“BOHR”), announced the completion of a strategic merger whereby XBKS was merged with and into HRB and legacy Xenith Bank was merged with and into BOHR. The Combined Company has assumed the name Xenith Bankshares, Inc. for the holding company and the name Xenith Bank for all banking operations. Headquarters for the Combined Company are in Richmond, Virginia.
The strategic merger creates the fifth largest community bank by deposits headquartered in the Commonwealth of Virginia. We believe the Combined Company is now better able to leverage the strengths of the previous standalone entities to serve customers in its targeted markets."
Price action shows mid $1's up to mid $2's since July, with decent volume daily... But now the reverse spit will be this Tuesday and we'll go from there... Any price action you quoted from past years is not valid as it did not reflect these 2 merged banks... Needs to be apples to apples... Season's greetings, Ken
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