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Bankers make more bucks

Bankers make more bucks

Aaron Kremer April 14, 2010 2

Pay for local bank executives rose in 2009 but was still below 2007 levels, according to SEC filings.

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Could SunTrust be sold?

Could SunTrust be sold?

Al Harris April 8, 2010 0

SunTrust, a regional bank with major offices in downtown Richmond, might be an acquisition target of an international bank, according to a Credit Suisse investor report. SunTrust is the nation’s seventh largest bank by

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Credit union turns brew house into branch

Credit union turns brew house into branch

Al Harris March 31, 2010 1

“We have a very busy branch on Glenside Drive; we are trying to serve members in that area by relieving that business there. We have looked for a location for a long time,” said

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“Back to basics” say bankers

“Back to basics” say bankers

Aaron Kremer March 19, 2010 2

Local bankers know they’re not the most popular guys around town these days. But the banking model doesn’t work so well when real estate prices are fluctuating so wildly and major industries are falling

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Banking Notebook: Merger moving ahead; bank will still be in grocery stores

Banking Notebook: Merger moving ahead; bank will still be in grocery stores

Aaron Kremer January 27, 2010 0

Now that federal regulators have blessed the deal, two local banks can move ahead with their merger. Union First Market Bank, as the new company is called, will still have outlets in supermarkets

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Local bank files plan with regulators

Local bank files plan with regulators

Al Harris January 20, 2010 0

According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management

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New bank finally opens; paperwork not quite done

New bank finally opens; paperwork not quite done

Aaron Kremer December 31, 2009 0

A new bank based in Richmond is going to have to appeal a NASDAQ ruling to keep it stock trading on that exchange. But at least it’s open after a process that had more

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Payback time

Payback time

Aaron Kremer November 20, 2009 1

Union Bankshares, the parent company of Union Bank & Trust, just wired the U.S. Treasury $59 million it borrowed in December as part of the Troubled Asset Relief Program. The stigma, and the interest

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Wealth advisors strike out on their own

Wealth advisors strike out on their own

Aaron Kremer November 19, 2009 0

Here’s a trend to watch for small businesses around Richmond that worked with the now-departed Wachovia Securities: Wealth advisors continue leaving big banks and investment firms to run their own wealth management businesses. And

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Regulators withhold blessing, deal quashed

Regulators withhold blessing, deal quashed

Aaron Kremer November 11, 2009 0

With the deal taking many months longer than either bank president anticipated, and with no deadline in sight, Eastern Virginia Bank and First Capital Bank decided to go their own ways. It was just

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