[ Login ]   [ Register ]

Banking »

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.

Read More »
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

Read More »
Credit union planting another flag in Chester

Credit union planting another flag in Chester

Michael Schwartz November 24, 2015 0

Just a month after opening a new branch in Chesterfield, a quickly expanding credit union is working on its next location and scouting out more space on Midlothian Turnpike

Read More »
Bank CEO’s leap to Lumber Liquidators brings large pay bump

Bank CEO’s leap to Lumber Liquidators brings large pay bump

Michael Schwartz November 17, 2015 1

The new CEO of Lumber Liquidators took up his post Monday, and he's leaving his banking career behind with a lucrative new contract and consulting gig.

Read More »
Bank CEO taking on top spot at Lumber Liquidators

Bank CEO taking on top spot at Lumber Liquidators

Michael Schwartz November 5, 2015 0

The bank chief whose company is approaching a big merger is abandoning a consulting gig to become CEO of Lumber Liquidators, a flooring company in the throes of a scandal.

Read More »
Bank makes next move in Chesterfield County

Bank makes next move in Chesterfield County

Michael Schwartz October 21, 2015 0

Weighing the possibility of another full branch, a Northern Neck bank is setting up another loan office in Chesterfield County

Read More »
Trio of deals bolster bank’s insurance business

Trio of deals bolster bank’s insurance business

Michael Schwartz October 12, 2015 0

After establishing its local banking presence through a major acquisition earlier this year, TowneBank is now building up its insurance operations and has bought out three smaller firms.

Read More »
Banks boost deposits, but market shares shift

Banks boost deposits, but market shares shift

Michael Schwartz October 7, 2015 0

Richmond-area banks have added a combined $3.4 billion in local deposits since last summer, but the clout of Capital One and a few new arrivals have chipped away at the market share of the

Read More »
How two banks arrived at an $82M merger

How two banks arrived at an $82M merger

Michael Schwartz October 2, 2015 0

The unexpected merger announcement Thursday between Park Sterling and First Capital banks has been on both companies' radars for years - and the two sides almost joined forces once before.

Read More »
Breaking News: Glen Allen bank to be acquired

Breaking News: Glen Allen bank to be acquired

Michael Schwartz October 1, 2015 0

One of the larger newcomers to the Richmond banking market has made its biggest local splash to date with plans to acquire First Capital Bank in a deal valued at $82.5 million.

Read More »