Banking »
Third local bank signs agreement with regulators
The recession forces another bank into a turnaround agreement.
Read More »Bank closes a branch, readies capital campaign
As it works its way through a turnaround plan with regulators, a Richmond-based bank closes one of its two branches.
Read More »Bank gets green light to move forward with capital raise
Central Virginia Bankshares received shareholder approval last week to move forward to the next phase of raising $15 million in fresh capital.
Read More »Local bank looks to raise $15M
Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is
Read More »First Capital Bank, what’s up your sleeve?
A local bank that tried last year to orchestrate a sizeable merger appears once again to be positioning itself for a transaction.
Read More »Bank president makes “tough decision” to retire
With his company having lost nearly $19 million in the last two years and regulatory examiners breathing down the company’s neck, the head of Central Virginia Bankshares announced his plans to retire by year’s
Read More »Virginia Business Bank tries to break out of holding pattern
After almost eight months of operating under a strict regulatory turnaround/survival plan and having moved on to its third president since the fall, a Richmond-based bank has rethought its plan and might reinvent itself
Read More »Making bank, plus a bonus
Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives
Read More »Credit unions seek to cash in on lending
Credit unions want in on small-business lending, where local and regional banks typically make a big chunk of their profits.
Read More »Banking’s new world order
Despite some advantages, Richmond-based Xenith Bank isn’t tying itself to any outdated promises of profitability.
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