Banking »
Shifting resources
A well known local businessman is using a portion of his stake in Richmond’s biggest bank to pay down a loan on a condo project
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The county line is no longer the bottom line
A local credit union got the green light from regulators last month to open itself up for a potential huge expansion
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Fergusons’ biggest creditor sues them
EVB becomes the third bank to file suit against a formerly wealthy Richmond couple for exaggerating their net worth when seeking loans
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A $9.8 million ace in the hole
A Northern Virginia investor wants to buy a chunk of a local bank and give it a shot of fresh cash
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Union First Market Bank to exit TARP
Richmond’s biggest bank is paying $35 million to exit the federal Troubled Asset Relief Program, a move it hopes will boost its stock
Read More »Christmas comes early for credit unions
Masked revolutionaries didn’t show up last weekend at local credit unions, but plenty of money-toting customers did.
Read More »Village Bank to enter regulatory agreement
Hampered by high levels of souring loans, the $600 million Midlothian-based bank said this week that it expects to enter into a consent order with the FDIC. And the bank is looking to sell
Read More »Chesapeake rings its bell in Richmond
The former head of Bank of Virginia is back in the game — this time at a Kilmarnock bank that just set up shop in Richmond.
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