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| FCVA > SEC Filings for FCVA > Form 8-K on 10-Nov-2009 | All Recent SEC Filings |
10-Nov-2009
Termination of a Material Definitive Agreement, Other Events, Financi
On November 9, 2009, First Capital Bancorp, Inc. ("First Capital") and Eastern Virginia Bankshares, Inc. ("Eastern Virginia") mutually agreed to terminate the Agreement and Plan of Merger (the "Merger Agreement") entered into by First Capital and Eastern Virginia on April 3, 2009. Under the terms of the Merger Agreement, First Capital was to be merged with and into Eastern Virginia (the "Merger"). After the effective time of the Merger, it was further contemplated that First Capital Bank, a wholly-owned subsidiary of First Capital, would merge with and into EVB, a wholly-owned subsidiary of Eastern Virginia. The parties agreed to terminate the Merger Agreement based on the current regulatory and economic environment.
No termination fees are due and payable by either party in connection with the termination, and each party will be responsible for its own costs and expenses associated with the Merger Agreement and the proposed transaction.
On November 9, 2009, First Capital issued a press release announcing the termination of the Merger Agreement as described above. A copy of the press release is attached hereto as Exhibit 99.1 to this report and is incorporated herein by reference.
(d) Exhibits
Exhibit
No. Designation of Exhibit
99.1 Press Release dated November 9, 2009.
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