First Capital Bank has become the proud owner of its Innsbrook corporate headquarters after leasing space there for five years.
In a $3.5 million deal that closed in early April, Henrico-based First Capital and its holding company, First Capital Bancorp, purchased the two-story, 24,000-square-foot building from Atack Properties.
Atack had been the bank’s landlord since it moved into the space about five years ago.
Bob Watts, president and chief executive of First Capital Bank, said the move to go from tenant to owner was brought on by the bank’s recent growth.
Michael Schwartz covers banking for BizSense. Please send news tips to Michael (at) richmondbizsense.com.
