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Local bank zeros in on sale of former HQ

Local bank zeros in on sale of former HQ

Richmond BizSense April 25, 2016 0

On the market since 2011, the former headquarters building of a local bank is finally seeing some serious action. Village Bank is working a deal to sell its Watkins Centre building, a 70,000-square-foot office

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Bank setting up shop in West End retirement community

Bank setting up shop in West End retirement community

Michael Schwartz April 22, 2016 0

After making its presence in Richmond felt in a big way on Patterson Avenue last year, a bank from Kilmarnock has a slightly less visible spot in mind for its next local branch. Chesapeake

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Deal beefs up Union’s wealth management clout

Deal beefs up Union’s wealth management clout

Michael Schwartz April 6, 2016 0

Richmond’s biggest local bank has struck a deal in Charlottesville that it hopes will be the first in a series of steps toward growing its wealth management arm. Union Bank & Trust announced on Tuesday

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Local contractor pleads guilty on tax charges, bank takes a hit

Local contractor pleads guilty on tax charges, bank takes a hit

Michael Schwartz April 5, 2016 0

Fallout from a local contractor’s guilty plea on federal tax charges last month has forced at least one area bank to take a hit on its balance sheet. Michael Manning, 52, who ran Manning

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Mortgage lender plants flag in Innsbrook

Mortgage lender plants flag in Innsbrook

Jonathan Spiers March 31, 2016 0

A 26-year-old national mortgage lending company is establishing its first physical presence in the Richmond market. New Jersey-based Freedom Mortgage has opened a local branch at 4323 Cox Road in Innsbrook. Managed by Kimberly

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Union strikes a diamond deal with the Hokies

Union strikes a diamond deal with the Hokies

Michael Schwartz March 25, 2016 0

A special guest threw out the ceremonial first pitch Thursday at Virginia Tech's newly named English Field at Union Park, a moniker that Union Bank & Trust hopes will lead to increased visibility in

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Bank gets green light for Libbie Mill outpost

Bank gets green light for Libbie Mill outpost

Michael Schwartz March 9, 2016 0

As it works to complete its new local headquarters downtown, TowneBank is moving forward with another new location at a major development to the west. The Hampton Roads-based bank last month received approval from

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Local bank CEO steps down, spins off student loan startup

Local bank CEO steps down, spins off student loan startup

Michael Schwartz March 3, 2016 0

Jack Zoeller is going back full-on into startup mode. The founder of Cordia Bancorp, parent of Midlothian-based Bank of Virginia, has relinquished his role as CEO of the company in conjunction with his purchase

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After outside search, credit union finds new CEO in-house

After outside search, credit union finds new CEO in-house

Michael Schwartz February 16, 2016 0

The number two at one of Richmond’s biggest financial institutions is ready to take the top seat. Chris Shockley last week was named the next president and CEO of Virginia Credit Union. He’ll succeed

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‘Transformative’ bank deal much more than a buyout

‘Transformative’ bank deal much more than a buyout

Michael Schwartz February 12, 2016 0

Even though local bank Xenith is the smaller of the two parties in an acquisition deal announced this week, both sides say its an even deal uncommon in the current market that will give

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