Although Village Bank was hit with a consent order in February, its Midlothian-based holding company is now facing a written agreement of its own.
Tom Winfree
Tetra auction doesn’t attract buyers
Village Bank took back more than 40 acres left undeveloped by a now dissolved development company.
Village Bank to enter regulatory agreement
Hampered by high levels of souring loans, the $600 million Midlothian-based bank said this week that it expects to enter into a consent order with the FDIC. And the bank is looking to sell its 80,000-square-foot headquarters building and close one of its branches in January.
‘We’ve got a heck of a lot of it behind us’
The first quarter financials are in, and Richmond’s local banks are slowly regaining their health.
‘They hit a brick wall’
Condrey Construction, which thrived during the housing boom by building high-end homes, files bankruptcy.