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HBKS > SEC Filings for HBKS > Form 8-K on 27-Oct-2011All Recent SEC Filings

Show all filings for HERITAGE BANKSHARES INC /VA



Results of Operations and Financial Condition, Other Events, Financia

Item 2.02. Results of Operations and Financial Condition

On October 26, 2011, Heritage Bankshares, Inc. (the "Company") issued a press release related to its results of operations and financial condition for the quarter and nine-month period ended September 30, 2011 (the "Press Release"). The text of the Press Release is included as Exhibit 99.1 to this report and is incorporated herein by reference. The information furnished pursuant to this Item 2.02 of this Form 8-K, including Exhibit 99.1 hereto, shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The Company will include unaudited financial statements and additional analyses for the quarter and nine-month period ended September 30, 2011 as part of its Form 10-Q covering the period.

Item 8.01. Other Events

The Company also announced in the Press Release that, on October 26, 2011, the Board of Directors declared a quarterly dividend on the Company's common stock in the amount of $0.06 per share, payable on November 18, 2011 to shareholders of record on November 7, 2011.

The same day, the Board of Directors also declared its fourth quarter dividend on the preferred stock issued by the Company in connection with its participation in the Small Business Lending Fund Program. Specifically, the Board declared a cash dividend of $19,500, which represents the expected amount of the dividend next payable by the Company under the SBLF program based on its applicable level of "Qualified Small Business Lending". This dividend shall be payable and paid on January 3, 2012 to the holders of the SBLF Preferred Stock of record on December 20, 2011 (currently the sole shareholder of record of the SBLF Preferred Stock is the Secretary of the Treasury).

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

99.1 Press Release issued by Heritage Bankshares, Inc. on October 26, 2011.

Heritage Bankshares, Inc.

Date: October 27, 2011 /s/ John O. Guthrie John O. Guthrie Chief Financial Officer

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