Virginia National Bankshares Corporation elected Linda M. Houston as a director of the Company. Ms. Houston's term will begin January 1, 2018, and she is expected to be appointed to the Compensation Committee. She will also serve on the boards of the Company's subsidiaries, Virginia National Bank and VNBTrust, N.A. Ms. Houston, retired, was employed with Merrill Lynch/Bank of America Corporation from 1987 to May 2017.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share to be paid on January 12, 2018 to shareholders of record as of December 29, 2017. This dividend is a $0.03 increase from the prior quarter and represents an annual yield to shareholders of approximately 1.89% based on the closing price of the Company's stock on December 18, 2017.