Through its subsidiary, Xenith Bankshares, Inc. ("Xenith") is a provider of commercial and consumer banking products based in Richmond, Virginia.

According to the Complaint, on May 19, 2017, Xenith’s Board of Directors caused the Company to enter into an agreement and plan of merger with Union.

On August 16, 2017, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

On November 6, 2017, Plaintiff filed a Notice voluntarily dismissing this action. A related case filed under Docket 17-CV-00629 continues.

On December 8, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. This case was voluntarily dismissed on February 20, 2018.