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Local bank ratings show stability

Local bank ratings show stability

Michael Schwartz June 29, 2016 0

The health of Richmond’s banking market held steady during the first quarter, according to a report this month from a well-known bank ratings firm. The latest measurements from Bauer Financial, a Florida firm that

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Regional bank opens renovated branch in the West End

Regional bank opens renovated branch in the West End

Michael Schwartz June 28, 2016 0

A Petersburg bank’s new West End outpost is officially open for business. Virginia Commonwealth Bank unveiled its new branch at 900 N. Parham Road on Monday. The 3,000-square-foot building replaces a nearby branch the

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Former BofA head launches West End firm

Former BofA head launches West End firm

Michael Schwartz June 22, 2016 0

More than a year after stepping away from the state’s top post at Bank of America, Gary Gore is back in the game. The former Richmond market head and Virginia president of BofA has

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$12M HQ sale is weight lifted off local bank

$12M HQ sale is weight lifted off local bank

Michael Schwartz June 17, 2016 1

Ending a five-year effort, a Midlothian bank has unloaded its former headquarters building in a sale that takes it a step closer to finally ditching the last of its recession-era regulatory burden. Village Bank

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EVB signs Innsbrook deal for new corporate HQ

EVB signs Innsbrook deal for new corporate HQ

Michael Schwartz June 16, 2016 0

A local bank holding company is pulling up stakes in river country and heading to Innsbrook. Eastern Virginia Bankshares, parent company of EVB, announced Wednesday it will relocate its headquarters later this year to

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Union marches south, Xenith clears a hurdle

Union marches south, Xenith clears a hurdle

Michael Schwartz June 7, 2016 0

Armed with a foursome that jumped over from another company, a Richmond-based bank has made its move further into the North Carolina market. Union Bank & Trust announced last week the opening of a

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Union closes acquisition of UVA alum-led firm

Union closes acquisition of UVA alum-led firm

Michael Schwartz June 3, 2016 0

Richmond’s largest local bank has sealed a deal in Charlottesville to expand its wealth management business. Union Bank & Trust on Tuesday finalized its acquisition of Old Dominion Capital Management, a Charlottesville-based investment advisory

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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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