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Bank nears big move to new branch

Bank nears big move to new branch

Michael Schwartz February 12, 2015 0

A Memphis-based bank that has been operating under the radar in Richmond since 2008 is getting ready to make its first big visible push into the market with a branch at Reynolds Crossing.

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Bank launches student debt program

Bank launches student debt program

Michael Schwartz February 9, 2015 1

A Midlothian bank is rolling out a plan to tap into a huge market of college grads who need to restructure their student loans

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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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