On January 29, 2021, Ategra Capital Management, LLC announced that it has had dialogue with Fauquier Bankshares, Inc’s management and board of directors with such discussion having included corporate governance, board composition, share capitalization and corporate transactions, including a request on August 18, 2020 for Jonathan Holtaway’s inclusion on the Company’s board of directors. Ategra Capital stated that it expects to have future discussion with the Company’s management and board of directors covering a broad range of subjects relative to performance, shareholder value and governance of the Company.