Essex Bank holding company OKs dividend
The board of directors of Community Bankers Trust Corp., the holding company for Essex Bank, has approved the February payment of its regular quarterly cash dividend for preferred stock issued to the U.S. Treasury in connection with the bank's participation in the government's Troubled Asset Relief Program.
The payment is contingent on the approval of federal and state regulators. The bank, based in western Henrico County, has been under written agreement with regulators since April to improve its financial condition.
The required approval is contingent on the issuance and review of a final regulatory report from a recently concluded full-scope safety and soundness examination.
Stihl purchases site in Virginia Beach
Power-tool manufacturer Stihl Inc. has purchased the former site of Lillian Vernon's headquarters in Virginia Beach to make way for further expansion.
The purchase gives Stihl an extra 850,000 square feet.
The German-owned company already occupies more than 1 million square feet in Virginia Beach.
Peter Mueller, Stihl's executive vice president of operations, said the company will use the former Lilian Vernon building for manufacturing, warehousing or both.
He says he doesn't know when Stihl will begin occupying the site or how many people will work there.
Genworth starts AARP caregiving service
Henrico County-based insurance giant Genworth Financial Inc. said it has started a new caregiving support service available to AARP members.
The new service is designed to provide families that are providing care to adults older than 50 with access to professional help to assess their needs, create a suggested care plan and identify care providers.
The service offers a database with more than 90,000 long-term care providers, including public programs.
Registered visitors to the website, including AARP members, can search the nationwide database to find local caregiving providers, rate caregiving providers, access supporting information to help guide them in their decision-making, and sign up for an e-newsletter.
The long-term care database is available to AARP members and to the general public at AARP.org,
Genworth.com/caregiving and AARPhealthcare.com.
From staff and wire reports
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