Banking

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 year’s end.

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.

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.

A succession is in the works at the top of one of Richmond’s largest financial institutions as its CEO will step down early next year.

With the popularity of cycling gaining momentum in Richmond, the area’s largest credit union is getting in on the trend with new loans for bike purchases.

One of several local banks to turn to TARP during the recession has finally cut all ties with the federal program after spending $9 million to buy back shares of its preferred stock.

The local banking market is continuing to improve, according to a recent quarterly rankings report, with two local banks jumping up in the ratings and the rest holding steady.

With the OK to expand in the Richmond region, a credit union has scooped up space for a new branch in Chesterfield County.

A banking giant shut down its branch at the struggling Regency Square mall as the property awaits an overhaul under new owners.

One of the largest banks with local operations has picked a successor to its longtime Richmond regional president, who retired last week after 42 years in the industry.