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N.C. buyer snatches up Bank of Virginia

N.C. buyer snatches up Bank of Virginia

Michael Schwartz May 23, 2016 0

The wave of bank consolidation has come ashore in Richmond once again. Midlothian-based Bank of Virginia and its parent company Cordia Bancorp announced on Friday a deal to be acquired by First Citizens Bank

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Out-of-town bank makes pre-deal move in Midlothian

Out-of-town bank makes pre-deal move in Midlothian

Michael Schwartz May 12, 2016 0

A pending acquisition isn’t stopping a Chesapeake-based bank from increasing its presence in the Richmond market. Monarch Mortgage, the lending arm of Monarch Bank, last month opened a new Chesterfield office in a leased

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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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