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Bank gets release from FDIC agreement

Bank gets release from FDIC agreement

Michael Schwartz September 15, 2015 0

Six years after taking over the loan portfolio of a Maryland bank that shut down during the recession, a local institution has arranged a multimillion-dollar way out of an FDIC program that mitigates the

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In commercial shift, bank to close two locations

In commercial shift, bank to close two locations

Michael Schwartz September 14, 2015 0

As the local commercial lending market heats up, one bank is downsizing its retail operations to try to grab a bigger piece of the business banking scene.

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Is Richmond ‘overbanked’?

Is Richmond ‘overbanked’?

Michael Schwartz September 9, 2015 0

A string of new banks making their Richmond entrances - often offering hard-to-resist financing terms and setting up branches in high-traffic areas - has some local bankers wondering about the sustainability of such a

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Credit union lobbyists build home downtown

Credit union lobbyists build home downtown

Michael Schwartz August 28, 2015 1

An organization for the state's credit unions has put about $4 million worth of work into connecting and renovating a string of buildings downtown to serve as a home base during lobbying season.

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Bank exec switches teams

Bank exec switches teams

Michael Schwartz August 19, 2015 0

The former Richmond CEO of SunTrust is jumping back into bigger business after a few years with a smaller local bank, and her position is aimed at growing her new company's presence in Virginia

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Bank moves for first local branch

Bank moves for first local branch

Michael Schwartz August 17, 2015 0

A Rhode Island bank has applied to open its first branch in the local market - but the new location will be aimed at the company's 600 local employees

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Bank lures new CEO from retirement

Bank lures new CEO from retirement

Michael Schwartz August 6, 2015 0

For its new CEO, a Midlothian bank turned to the retired former chief of StellarOne, whose long banking career has included several large M&A deals.

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Local bank makes Bon Air debut

Local bank makes Bon Air debut

Michael Schwartz August 5, 2015 0

A bank's CEO has brought the company to his hometown of Bon Air and revived a vacant branch building, and he thinks the new location can bring in $15 million in local deposits by

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Former bank CFO pleads guilty to embezzlement

Former bank CFO pleads guilty to embezzlement

Michael Schwartz July 28, 2015 3

A small local bank's former CFO pleaded guilty last week to skimming about $100,000 from the company, but he will serve no jail time on a suspended sentence

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Charlotte bank up and running on Patterson

Charlotte bank up and running on Patterson

Michael Schwartz July 2, 2015 0

An out-of-town bank’s first Richmond retail branch is open for business in a former gift shop along the competitive stretch of Patterson Avenue

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