<SEC-DOCUMENT>0001193125-20-190309.txt : 20200709
<SEC-HEADER>0001193125-20-190309.hdr.sgml : 20200709
<ACCEPTANCE-DATETIME>20200709134658
ACCESSION NUMBER:		0001193125-20-190309
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200708
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200709
DATE AS OF CHANGE:		20200709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF THE JAMES FINANCIAL GROUP INC
		CENTRAL INDEX KEY:			0001275101
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				200500300
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35402
		FILM NUMBER:		201020191

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 1200
		CITY:			LYNCHBURG
		STATE:			VA
		ZIP:			24505
		BUSINESS PHONE:		4348462000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d935519d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Current
Report </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): July&nbsp;8, 2020 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>BANK OF THE JAMES FINANCIAL GROUP, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Its Charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Virginia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-35402</FONT> </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">20-0500300</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>828 Main Street, Lynchburg, VA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>24504</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>(434) <FONT STYLE="white-space:nowrap">846-2000</FONT> </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Registrant&#146;s telephone number, including area code) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of Each Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of Each Exchange on Which Registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Common Stock, $2.14 par value</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BOTJ</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">The NASDAQ Capital Market</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01 - Other Events </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On Wednesday, July&nbsp;8, 2020, Bank of the James Financial Group, Inc. (the &#147;Company&#148;) completed its previously-reported private
placement of unregistered debt securities (the &#147;2020 Offering&#148;). In the 2020 Offering, the Company offered and has closed subscriptions for $10,050,000 in aggregate principal of unsecured promissory notes (the &#147;2020 Notes&#148;). The
2020 Notes bear interest at the rate of 3.25% per year with interest payable quarterly in arrears. The 2020 Notes will mature on June&nbsp;30, 2025 and are subject to full or partial repayment on or after June&nbsp;30, 2021. $5,000,000 of the
proceeds was used to fully redeem the Company&#146;s outstanding 4.00% notes that were issued in 2017. The Company intends to use the remaining proceeds for general corporate purposes, which may include a contribution of capital to the
Company&#146;s wholly-owned bank subsidiary, Bank of the James and to pay interest on the 2020 Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On Thursday, July&nbsp;9, 2020, the
Company issued a press release announcing the completion of the 2020 Offering (the &#147;Press Release&#148;). A copy of the Press Release is attached hereto as Exhibit 99.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information in this Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> including Exhibit 99.1, shall not be considered
&#147;filed&#148; for purposes of Section&nbsp;18 of the Securities and Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 - Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Financial statements of businesses acquired &#150; not applicable </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Pro forma financial information &#150; not applicable </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Shell company transactions &#150; not applicable </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="85%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exhibit&nbsp;No.</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d935519dex991.htm">Bank of the James Financial Group, Inc. Press Release dated July&nbsp;9, 2020 </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: July&nbsp;9, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">BANK OF THE JAMES FINANCIAL GROUP, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Todd Scruggs</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">J. Todd Scruggs</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Secretary-Treasurer</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d935519dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g935519g08q68.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Bank of the James Announces Completion of Private Placement of Debt </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LYNCHBURG, Va., July</B><B></B><B>&nbsp;9, 2020</B> &#151; Bank of the James Financial Group, Inc. (the &#147;Company&#148;) (NASDAQ:BOTJ), the parent
company of Bank of the James, a full-service commercial and retail bank serving the greater Lynchburg area (Region 2000), and the Charlottesville, Harrisonburg, and Roanoke, Virginia markets, today announced it completed a private placement of an
unregistered debt offering pursuant to which it issued $10,050,000 in five-year notes. The notes pay interest at the rate of 3.25%. The notes mature on June&nbsp;30, 2025 and are callable by the Company on or after June&nbsp;30, 2021. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Robert R. Chapman III, President, commented &#147;We are pleased that 39 local, accredited investors showed their confidence in our future by making this
investment. We have used $5,000,000 of the proceeds to retire an earlier private placement. We intend to use the balance of the proceeds for general corporate purposes, which may include a contribution of capital to our Bank of the James subsidiary,
and to pay interest on the notes.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About the Company </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg,
Virginia. The bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Roanoke, and Rustburg. The bank
offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. Bank of
the James Financial Group, Inc. common stock is listed under the symbol &#147;BOTJ&#148; on the NASDAQ Stock Market, LLC. Additional information on the Company is available at <U>www.bankofthejames.bank</U>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statement Regarding Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains statements that constitute &#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform
Act of 1995. The words &#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;anticipate,&#148; &#147;plan&#148; and similar expressions and variations thereof identify certain of such forward-looking statements
which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the &#147;Company&#148;) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information,
future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the
forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, and changes in the value of real estate securing loans made by
Bank of the James (the &#147;Bank&#148;), a subsidiary of the Company. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company&#146;s
filings with the Securities and Exchange Commission and previously filed by the Bank (as predecessor of the Company) with the Federal Reserve Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) <FONT STYLE="white-space:nowrap">846-2000.</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>tscruggs@bankofthejames.com </U></P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g935519g08q68.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g935519g08q68.jpg
M_]C_X  02D9)1@ ! 0$ W #<  #_VP!#  (! 0$! 0(! 0$" @(" @0# @("
M @4$! ,$!@4&!@8%!@8&!PD(!@<)!P8&" L("0H*"@H*!@@+# L*# D*"@K_
MVP!# 0(" @(" @4# P4*!P8'"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@K_P  1" !2 .8# 2(  A$! Q$!_\0
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MQSJ$GVK6+>'5]4-K<P/<3[S*%2%_+D8&6,W#XD^2+R_A[X&?'+]DWPC^PO\
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ME7B!HPS'+$#)KN_^"%A _8[_ &[,G_FW6^_]-^JU!_P:U$?\/-;K_LF.L?\
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M;0-QRWXA_"'X3?%7[./BA\+_  [XD^RQ2Q6O]O:)!>>3'+M\U%\U&VJ_EIN
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JC8W6N7RWNM75G9I')J%TMO#;+/.R@&6006\$(=LL(X(TSM10"BB@#__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
