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Another out-of-town bank is hot for Richmond

Another out-of-town bank is hot for Richmond

Michael Schwartz August 12, 2014 0

Chesapeake-based Monarch Bank is expanding in Richmond with the addition of a commercial lending veteran, demonstrating banks' continued hunger for Richmond revenue.

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Credit union reaches for more members, new offices

Credit union reaches for more members, new offices

Michael Schwartz August 5, 2014 0

Call Federal Credit Union has been approved for an expanded community charter that it plans to use to reach more potential members around the region and open five new offices.

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Memphis firm targets Richmond wealth

Memphis firm targets Richmond wealth

Michael Schwartz July 30, 2014 0

A Tennessee-based financial firm has opened a branch of its wealth management division in the local market, adding to the investment banking operations it has had here since 2010. It has a veteran of

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Q&A: Six months at the top

Q&A: Six months at the top

Michael Schwartz July 29, 2014 1

BizSense caught up with Union First Market Bank CEO Billy Beale last week to talk about Union’s first two quarters after a major merger, whether the performance of the combined bank has lived up

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Richmond lures another bank from the Northern Neck

Richmond lures another bank from the Northern Neck

Michael Schwartz July 17, 2014 0

Another rural Virginia bank has entered the Richmond market with a commercial lender who was formerly employed by one of its rivals.

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Local bank merger market stays hot

Local bank merger market stays hot

Michael Schwartz July 16, 2014 0

The deal between TowneBank and Franklin Federal Savings Bank is the third M&A transaction announced this year involving a Richmond bank and the fourth in the last 12 months, further illustrating that the trend

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Local bank to be acquired in $275M deal

Local bank to be acquired in $275M deal

Michael Schwartz July 15, 2014 0

Hampton Roads’ largest bank is entering the Richmond market in a big way, announcing this morning a deal to acquire a longtime local institution, its eight branches and its $1 billion in assets.

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Local bank trade group crafts merger in W.Va.

Local bank trade group crafts merger in W.Va.

Michael Schwartz July 15, 2014 0

The Virginia and West Virginia bankers associations are working on a merger agreement that would bring the two lobbying and industry groups under one umbrella nonprofit

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TowneBank begins its move into Richmond

TowneBank begins its move into Richmond

Michael Schwartz July 6, 2014 0

One of the dominant banks in Hampton Roads has a plan in the works to build its first branch in Richmond and has already hired a veteran local banker to lead the charge

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Latest Richmond bank deal is sealed

Latest Richmond bank deal is sealed

Michael Schwartz July 2, 2014 0

A Richmond-based bank is continuing to grow, finalizing a deal to acquire a smaller bank from Gloucester

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