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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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Christian credit union seeks wider reach

Christian credit union seeks wider reach

Michael Schwartz June 24, 2014 0

A Richmond credit union with a religious niche has petitioned for a new designation that would give it more leeway to seek out customers at a faster rate.

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Credit union expands presence on Broad Street

Credit union expands presence on Broad Street

Michael Schwartz June 10, 2014 0

Henrico Federal Credit Union is spreading out its home base with the purchase of a former medical office

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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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