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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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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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