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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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Local banking 2014: A year for deals and out-of-towners

Local banking 2014: A year for deals and out-of-towners

Michael Schwartz December 28, 2014 0

A wave of consolidations hit Richmond this year as smaller banks combined forces. And 2014 saw the formation of a mini banking hub in the West End and the expansion of several out-of-town banks

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Bank shakes poor rating streak

Bank shakes poor rating streak

Michael Schwartz December 21, 2014 0

Quarterly ratings of banks and federal credit unions show that a struggling local bank is turning things around. And other area banks have also shown improvement or stability. But one Chesterfield credit union fell

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Banks’ $275M merger passes final test

Banks’ $275M merger passes final test

Michael Schwartz December 16, 2014 0

A Richmond bank is pulling its chair up to the closing table after receiving the last needed approval to move forward with an acquisition by Hampton Roads' TowneBank.

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Shareholders sign off on $275M merger

Shareholders sign off on $275M merger

Michael Schwartz December 3, 2014 0

The massive merger of two Virginia banks cleared another hurdle on Wednesday with votes of approval from shareholders on both sides.

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Work begins at bank’s first local branch

Work begins at bank’s first local branch

Michael Schwartz November 25, 2014 0

A Chesapeake bank is building up its presence in Richmond and has started converting a Patterson Avenue office space into a new branch.

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Bank finalizes move into Hampton Roads

Bank finalizes move into Hampton Roads

Michael Schwartz November 20, 2014 0

EVB sealed a merger last week, bringing in access to the Hampton Roads market and $100 million in assets

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