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Breaking News: Local bank strikes merger in Va. Beach

Breaking News: Local bank strikes merger in Va. Beach

Michael Schwartz February 11, 2016 0

Richmond-based Xenith Bank will combine with Bank of Hampton Roads in a deal valued at $107 million, continuing a stream of consolidation among the state’s community banks

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Petersburg bank to fill Parham branch

Petersburg bank to fill Parham branch

Michael Schwartz February 4, 2016 0

A Petersburg-based bank is planning to fill the former First Community Bank branch at 900 N. Parham Road, replacing its longtime branch at a nearby shopping center

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Mortgage firm breaking into Richmond market

Mortgage firm breaking into Richmond market

Michael Schwartz January 26, 2016 0

With a veteran in the local industry on board, a national nonbank mortgage lender is making a big push into the Richmond market with plans for two area offices.

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Bank consolidating branches in Northern Va.

Bank consolidating branches in Northern Va.

Michael Schwartz January 22, 2016 0

One of the largest local banks is closing three of its Martin's grocery store branches and opening a standalone location in Northern Virginia.

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Bank carves out spot in Northern Va.

Bank carves out spot in Northern Va.

Michael Schwartz January 11, 2016 0

In the competitive Northern Virginia market, a local bank is expanding into its first full-fledged branch in Fairfax and is eyeing further expansion in the area and in Richmond

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TowneBank turns eye to new Gumenick project

TowneBank turns eye to new Gumenick project

Michael Schwartz January 7, 2016 0

The new-to-town bank is planning to close one of the branches it inherited during its arrival in Richmond, and it has its eye on a spot in a new development across from Willow Lawn.

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Banks ring in New Year with $87M merger

Banks ring in New Year with $87M merger

Michael Schwartz January 5, 2016 0

A North Carolina bank finalized its acquisition of a local institution right at the start of 2016, creating a $3.1 billion company with a new branch in the works in Hanover.

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Year-end statement: Banking news of 2015

Year-end statement: Banking news of 2015

Michael Schwartz December 29, 2015 0

TowneBank started 2015 off with a banking bang and continued to make headlines with its local expansion. Other out-of-town banks also planted their flags in the market and local institutions continued to improve.

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TowneBank deal boosts its local lending clout

TowneBank deal boosts its local lending clout

Michael Schwartz December 21, 2015 0

A $220 million deal to acquire a Chesapeake competitor will nearly double the size of TowneBank's local lending force and will also fill out its ranks with some new executives.

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Amid acquisition deal, bank plans new branch

Amid acquisition deal, bank plans new branch

Michael Schwartz December 9, 2015 1

Awaiting approval to be acquired by a North Carolina company, a local bank is continuing expand, finally developing a property it has owned for years in Hanover County

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