Item 1.01 Entry Into a Material Definitive Agreement.

On December 20, 2012, Union First Market Bankshares Corporation (the "Company") entered into a Stock Purchase Agreement (the "Agreement") with Markel Corporation (the "Seller"). Pursuant to the Agreement, the Company purchased 750,000 shares of its common stock from the Seller for an aggregate purchase price of $11,580,000, or $15.44 per share. The repurchase was funded with cash on hand. The Company intends to retire the shares.

The foregoing summary of the Stock Purchase Agreement is qualified by reference to the full text of the Stock Purchase Agreement, which is included as Exhibit 10.1 to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

Exhibit
No. Description of Exhibit

10.1 Stock Purchase Agreement dated December 20, 2012.

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