Banking

A Memphis-based bank that has been operating under the radar in Richmond since 2008 is getting ready to make its first big visible push into the market with a branch at Reynolds Crossing.

A Midlothian bank is rolling out a plan to tap into a huge market of college grads who need to restructure their student loans.

Shorty after a huge merger brought it into the Richmond market, the newest bank in town is siphoning off talent from its competition.

A local bank is continuing to chip away at the shares it has still outstanding from the 2008 federal TARP program with a multimillion-dollar buyback announced this week.

A bank is proceeding with its plan to raise up to $13 million and has taken another step toward a stock offering of 1 million shares.

After the official closure of a huge acquisition, a long-standing local bank has been absorbed and its CEO has stepped down from his post.

A wave of consolidations hit Richmond this year as smaller banks combined forces. And 2014 saw the formation of a mini banking hub in the West End and the expansion of several out-of-town banks into the Richmond market.

Quarterly ratings of banks and federal credit unions show that a struggling local bank is turning things around. And other area banks have also shown improvement or stability. But one Chesterfield credit union fell in the ranks and is now the lowest-rated financial institution in the market.

A Richmond bank is pulling its chair up to the closing table after receiving the last needed approval to move forward with an acquisition by Hampton Roads’ TowneBank.

The massive merger of two Virginia banks cleared another hurdle on Wednesday with votes of approval from shareholders on both sides.