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Bank launches $14 million raise

Bank launches $14 million raise

Michael Schwartz February 26, 2015 0

A local bank has kicked off its large-scale turnaround plan with a stock offering aimed first at current shareholders, while a Northern Virginia investor waits in the wings.

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Large credit union strikes Charlottesville merger

Large credit union strikes Charlottesville merger

Michael Schwartz February 20, 2015 0

Richmond's biggest credit union has a deal in the works to absorb a small FCU and create its first office in Charlottesville.

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Bank returns to former name

Bank returns to former name

Michael Schwartz February 18, 2015 1

Richmond's biggest community bank has finally shed its 2010 post-merger namesake and has reclaimed the brand it went by in its early years.

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Banking vet leads firm’s Richmond debut

Banking vet leads firm’s Richmond debut

Michael Schwartz February 17, 2015 0

The former head of Davenport's financial institutions group has jumped ship to lead a Chicago-based firm's first push into the Richmond market.

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Bank nears big move to new branch

Bank nears big move to new branch

Michael Schwartz February 12, 2015 0

A Memphis-based bank that has been operating under the radar in Richmond since 2008 is getting ready to make its first big visible push into the market with a branch at Reynolds Crossing.

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Bank launches student debt program

Bank launches student debt program

Michael Schwartz February 9, 2015 1

A Midlothian bank is rolling out a plan to tap into a huge market of college grads who need to restructure their student loans

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New bank builds its manpower

New bank builds its manpower

Michael Schwartz February 4, 2015 0

Shorty after a huge merger brought it into the Richmond market, the newest bank in town is siphoning off talent from its competition.

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Bank trims down TARP shares

Bank trims down TARP shares

Michael Schwartz January 22, 2015 0

A local bank is continuing to chip away at the shares it has still outstanding from the 2008 federal TARP program with a multimillion-dollar buyback announced this week.

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Bank moves closer to major capital raise

Bank moves closer to major capital raise

Michael Schwartz January 14, 2015 0

A bank is proceeding with its plan to raise up to $13 million and has taken another step toward a stock offering of 1 million shares.

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Banks seal $275 million merger

Banks seal $275 million merger

Michael Schwartz January 6, 2015 0

After the official closure of a huge acquisition, a long-standing local bank has been absorbed and its CEO has stepped down from his post

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