other material
confidence high
sentiment positive
materiality 0.60
Virginia National Bankshares sells Bearing Insurance Group interest; expects $4.7M pre-tax gain
Virginia National Bankshares Corp
- Subsidiary Fauquier Bank Services sold its interest in Bearing Insurance Group, LLC on May 1, 2026.
- Company expects pre-tax gain of approximately $4.7 million reflected in Q2 2026 operating results.
- Bearing Insurance Group was a full service insurance agency.