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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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Backed by investor, bank plans capital comeback

Backed by investor, bank plans capital comeback

Michael Schwartz November 16, 2014 0

With a deep-pocketed fail-safe in place, a local bank has devised a plan to raise a pile of cash in hopes of shoring up its capital cushion and keeping shareholders happy

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Local bank picks up Md., branch from Capital One

Local bank picks up Md., branch from Capital One

Michael Schwartz November 13, 2014 0

A Glen Allen bank is replacing a shut-down Maryland branch for a better location that was recently acquired by Capital One.

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Thefts dent armored car company revenue

Thefts dent armored car company revenue

Michael Schwartz November 12, 2014 0

With a loss of at least $14 million to thieves, a local armored transportation company's biggest market is also a big liability.

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