Banking

A veteran executive of the local investment scene is back in action after joining a longtime West End firm.

The Midlothian-based bank is combining two branches in a bid to realign resources and continue its recent momentum.

The Richmond market’s third bank acquisition of 2016 is complete.

Signing on the dotted line is all that stands between a Midlothian bank and its deal to be acquired later this week by a larger rival from North Carolina.

A changing of the guard is in the works at Richmond’s biggest bank after the company looked outside its home state to ultimately find a native Virginian to take its top job.

As out-of-town banks have flocked to Richmond in search of new revenue, a local bank recently followed a similar strategy in its furthest push westward outside its home market.

Less than two years after buying its way into the Richmond market, TowneBank is officially up and running in its new local headquarters, complete with its own place in the downtown skyline.

A North Carolina-based bank got a vote of confidence for its pending bid to buy its way into the Richmond market.

A former local banker claims he’s been short-changed some of the severance he was promised when he left for another job last year in the midst of his bank being acquired.

The bank has been released from its so-called written agreement, a stringent pact it entered with the Federal Reserve in 2012 in an effort to find a more stable footing after the recession.