Form 8-K

UNION FIRST MARKET BANKSHARES CORPORATION

Date: November 5, 2010

/s/ D. Anthony Peay

D. Anthony Peay

Executive Vice President and Chief Financial Officer

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 3, 2010

UNION FIRST MARKET BANKSHARES CORPORATION

(Exact name of registrant as specified in its charter)

Virginia

0-20293

54-1598552

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

111 Virginia Street

Suite 200

Richmond, Virginia 23219

(Address of principal executive offices, including Zip Code)

Registrant’s telephone number, including area code: (804) 633-5031

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

¨	Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13c-4(c))

Item 8.01 Other Events

On November 3, 2010, Union First Market Bankshares Corporation (the “Company”) issued a press release announcing the declaration of a quarterly dividend payable on November 30, 2010 to stockholders of record as of November 18, 2010. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated herein by reference.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

On November 3, 2010, the Company announced the election of L. Bradford Armstrong to its Board of Directors. Mr. Armstrong will serve on the nominating committee and stand for re-election to the board in April 2011. There are no other arrangements or understandings between Mr. Armstrong and any other person pursuant to which Mr. Armstrong was selected as a director. There are no material transactions between Mr. Armstrong and the Company. A copy of the press release is attached hereto as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits

(d)

Exhibits.

99.1

Union First Market Bankshares Corporation press release.

99.2

Union First Market Bankshares Corporation press release.

SIGNATURES

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 thereunto duly authorized.