Banking »
Another local bank is under an agreement with regulators
A local bank is the fifth to be put under a written agreement with regulators in hopes of stemming the damage caused by millions in souring loans
Read More »Franklin Federal can almost taste it
With cash from a planned IPO, sleepy Franklin Federal Savings Bank might look for acquisitions in its bid to become more like a regular bank. And as part of the IPO process, the company
Read More »‘It’s going to be a challenge’
Jack Zoeller spoke with BizSense during his first of couple days at his new job as CEO of Bank of Virginia.
Read More »Famous name is a step closer to becoming a footnote
The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Read More »The waiting game
A Midlothian-based bank badly in need of capital is still waiting on the deal to clear a regulatory hurdle.
Read More »Local bank’s parent not allowed to pay TARP dividend
The troubles at a local bank are preventing its parent company from paying its TARP dividend.
Read More »More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.
Read More »Va. Business Bank starts on Plan C
After announcing its intentions last month to raise $20 million in capital and undergo a fundamental shift in strategy, a troubled bank says it is now considering other options. And the future of its
Read More »Central Virginia Bank postpones fundraising effort
The Powhatan-based announces that it has postponed efforts to raise up to $15 million on the advice of its investment bankers.
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