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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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Bank settling into former Circuit City HQ

Bank settling into former Circuit City HQ

Michael Schwartz April 15, 2014 0

It’s hard to miss the fact that Essex Bank has arrived at its new headquarters

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Local bank gets a $15M cushion

Local bank gets a $15M cushion

Michael Schwartz April 14, 2014 0

Continuing its hot streak, a Midlothian-based bank has struck a deal to pad its coffers in a big way. And it's adding two new branches.

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New bank branch, aisle 5

New bank branch, aisle 5

Michael Schwartz April 9, 2014 0

Glen Allen-based First Capital Bank got the green light in recent weeks from state and federal regulators to open a new branch inside the Kroger grocery store at 13201 Rittenhouse Drive in Midlothian

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Bank’s first step into market complete

Bank’s first step into market complete

Michael Schwartz March 31, 2014 0

A bank from river country has found a home in Richmond

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Bank reaches for another zenith

Bank reaches for another zenith

Michael Schwartz March 24, 2014 1

A Richmond-based business bank announced a deal last week to buy a Gloucester-based bank with aspirations to expand deeper into Hampton Roads

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Dark days fade into rear view mirror for local banks

Dark days fade into rear view mirror for local banks

Michael Schwartz March 19, 2014 1

Twelve of the 14 local banks saw their nonperforming asset levels drop in 2013 compared to the previous year. And bankers say loan demand is creeping back.

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Banking on four quarters of profitability

Banking on four quarters of profitability

Michael Schwartz March 17, 2014 0

A Midlothian-based bank hit a milestone of profitability last year

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