Hampton Roads’ largest bank is entering the Richmond market in a big way, announcing this morning a deal to acquire a longtime local institution, its eight branches and its $1 billion in assets.
Local bank to be acquired in $275M deal
Banking
Local bank trade group crafts merger in W.Va.
The Virginia and West Virginia bankers associations are working on a merger agreement that would bring the two lobbying and industry groups under one umbrella nonprofit.
TowneBank begins its move into Richmond
One of the dominant banks in Hampton Roads has a plan in the works to build its first branch in Richmond and has already hired a veteran local banker to lead the charge.
Debt dispute hits shell of former downtown firm
In a last ditch effort to collect on an unpaid loan, a local investment banker is trying to force the remnants of a longtime Richmond financial firm into bankruptcy.
$1.7M deal plants bank’s flag in the West End
A Northern Neck bank has staked its first sizeable claim in Richmond real estate, buying an 11,420-square-foot office building at 5501 Patterson Ave. to serve as regional base of operations.
Look for the Union label – on a bank
Richmond’s biggest bank borrows from the past as it streamlines the name of its Union Bankshares holding company and plans to rebrand itself.
Bank settling into former Circuit City HQ
It’s hard to miss the fact that Essex Bank has arrived at its new headquarters.
Local bank gets a $15M cushion
Continuing its hot streak, a Midlothian-based bank has struck a deal to pad its coffers in a big way. And it’s adding two new branches.
New bank branch, aisle 5
Glen Allen-based First Capital Bank got the green light in recent weeks from state and federal regulators to open a new branch inside the Kroger grocery store at 13201 Rittenhouse Drive in Midlothian.
Bank’s first step into market complete
A bank from river country has found a home in Richmond.