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    David West

    Managing Director and Senior Research Analyst at Davenport & Company

    David West is a Managing Director and Senior Research Analyst at Davenport & Company, specializing in the regional banking and financial services sectors. He provides coverage on companies such as Atlantic Union Bankshares, Truist Financial, TowneBank, and Pinnacle Financial Partners, consistently delivering actionable investment research and maintaining above-average success rates on his calls. With over two decades in the industry, he began his career in banking before joining Davenport in 2000, steadily rising through the ranks to his current leadership role. West holds FINRA Series 7, 63, 86, and 87 licenses, and his expertise and strong client performance have earned him recognition among regional investment professionals.

    David West's questions to UNION BANKSHARES (UNB) leadership

    David West's questions to UNION BANKSHARES (UNB) leadership • Q4 2015

    Question

    David West asked for clarification on the net number of branch closings, inquired about the current M&A environment and the company's appetite for deals, and asked for an update on the OREO property in Fluvanna County.

    Answer

    CEO Bill Beale clarified the company is closing five branches but opening one new one, for a net reduction of four. Regarding M&A, he stated the environment hasn't changed much and that Union is not prepared to cross the $10 billion asset threshold, making it patient for smaller, strategic opportunities. He also noted there have been no write-downs on the Fluvanna County OREO property, as appraisals have not indicated a need, and its value is tied to the long-term recovery and expansion of the nearby Charlottesville market.

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