Banking

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 and independent spin-off of CordiaGrad, a student loan refinance company that launched within the bank last year. The change was effective… Read more »

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 VACU’s longtime leader Jane Watkins, who announced last summer she’d retire March 31 of this year. Shockley, who grew up in… Read more »

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 a big boost to both.

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.

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.

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.

One of the largest local banks is closing three of its Martin’s grocery store branches and opening a standalone location in Northern Virginia.

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.

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.

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.