September 1, 2016

To Shareholders of Cordia Bancorp:

On September 1, 2016, the merger of Cordia Bancorp, Inc., and its wholly owned subsidiary, Bank of Virginia, with and into First-Citizens Bank & Trust Company was completed. As a result of the merger, the Cordia common stock ceased trading on NASDAQ and former Cordia shareholders became entitled to receive the per share merger consideration of $5.15 for each share of Cordia common stock they owned as of August 31, 2016. All shares converted into the right to receive the merger consideration were automatically canceled at the effective time of the merger.

First Citizens Bank has appointed Computershare Trust Company, N.A. ("Computershare") as paying agent for payment of the merger consideration. Information concerning the exchange of Cordia shares for the per share merger consideration will be mailed to Cordia registered shareholders, outlining the steps to be taken to obtain the merger consideration. Registered shareholders do not need to take any action regarding their shares until they receive information from the paying agent.

For additional information, please contact Computershare toll free from the United States or Canada at 866-305-9501, or from outside of the United States and Canada at 781-575-264, on weekdays between the hours of 8:00 a.m. and 8:00 p.m. eastern time.

If you own your shares through a bank, brokerage firm or other nominee (in "Street name"), please contact your bank, broker or nominee for further information about receiving the merger consideration.

First Citizens Bank is a trade name for First-Citizens Bank & Trust Company.

Design by Firmseek Powered by PSICloud © 2016 Cordia Bancorp Inc.