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Bank’s troubles haunt new owner
Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.
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 »Local bank files plan with regulators
According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management
Read More »New head at Virginia Business Bank
Merlin Henkel, the former president and chief executive of Virginia Business Bank, has been replaced by Terrie G. Spiro, an executive with decades of experience at regional banks in the mid-Atlantic
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