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Xenith gets another go-ahead on merger

Xenith gets another go-ahead on merger

Michael Schwartz June 4, 2014 0

The growing local bank has just one final step to clear before it can seal the deal on its latest acquisition.

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Bank deals heating up for summer

Bank deals heating up for summer

Michael Schwartz May 30, 2014 1

Feeling confident after a $50 million capital raise, a local bank has lined up an acquisition in Hampton Roads. And it's the second purchase announced by an area bank in recent weeks

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Life Line flat lines

Life Line flat lines

Michael Schwartz May 28, 2014 0

A local credit union was shut down last week by regulators after it was deemed insolvent and beyond repair

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Debt dispute hits shell of former downtown firm

Debt dispute hits shell of former downtown firm

Michael Schwartz May 21, 2014 0

In a last ditch effort to collect on an unpaid loan, a local investment banker is trying to force the remnants of a longtime Richmond financial firm into bankruptcy

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$1.7M deal plants bank’s flag in the West End

$1.7M deal plants bank’s flag in the West End

Burl Rolett May 20, 2014 1

A Northern Neck bank has staked its first sizeable claim in Richmond real estate, buying an 11,420-square-foot office building at 5501 Patterson Ave. to serve as regional base of operations

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A $2.3M weight lifted

A $2.3M weight lifted

Michael Schwartz May 14, 2014 0

Another local bank has cast off the last of its TARP baggage

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So long, StellarOne

So long, StellarOne

Michael Schwartz May 14, 2014 0

Union First Market Bank has fully integrated StellarOne, including doing away with the seven-year-old StellarOne name

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Local credit unions unite

Local credit unions unite

Michael Schwartz May 8, 2014 0

Two Richmond credit unions joined forces last week in a merger that will add $18 million in assets to the surviving institution and give it a presence on both sides of the James River

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Look for the Union label – on a bank

Look for the Union label – on a bank

Michael Schwartz April 29, 2014 0

Richmond’s biggest bank borrows from the past as it streamlines the name of its Union Bankshares holding company and plans to rebrand itself

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Bank out from under TARP

Bank out from under TARP

Michael Schwartz April 24, 2014 1

A Glen Allen-based bank on Wednesday used a loan to buy back its remaining $10M worth of TARP shares from the U.S. Treasury. It was the last remaining local bank in the once-controversial program

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