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Virginia bank acquires 4 branches in Md.

Virginia bank acquires 4 branches in Md.

Al Harris February 3, 2009 1

Another failed bank is just another opportunity for Tappahannock-based Bank of Essex. On Saturday, the Bank of Essex assumed operations of Suburban Federal Savings Bank in Crofton Md. after it was seized by federal

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Bank branches out to Georgia

Bank branches out to Georgia

Al Harris November 25, 2008 0

The Bank of Essex has assumed $600 million in deposits previously held by The Community Bank in Loganville, Ga. A Richmond-based bank has gobbled up deposits of a failed Georgia bank. Tappahannock-based Bank of

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Check this out: The RBS Guide for small business checking

Check this out: The RBS Guide for small business checking

Al Harris November 7, 2008 0

Most businesses should try to keep about a month’s worth of cash in the account. The balance is insured by the Federal Deposit Insurance Corporation up to $250,000. A normal balance might be between

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What’s happening to lending: a Q&A with the CEO of First Market Bank

What’s happening to lending: a Q&A with the CEO of First Market Bank

Aaron Kremer September 24, 2008 0

Banks, like humans, fear the unknown. If they can’t assess the value of an asset, say a 10-acre piece of dirt in Henrico County, they don’t want to touch it with a 10-foot pole.

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SunTrust cuts back on cleaning service

SunTrust cuts back on cleaning service

Richmond BizSense September 4, 2008 0

SunTrust Bank has cut back its janitorial services from every night to every-other-night, according to an employee at the company. The cuts are at the office on the Southside but may also occur at

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Business loans harder to get

Business loans harder to get

Aaron Kremer July 29, 2008 0

Bankers are taking longer to issue business loans and asking for more collateral when they do issue them, according to bankers around Richmond. Even companies with solid credit and long-established relationships are having more

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Richmond Banks Still Lending

Richmond Banks Still Lending

Richmond BizSense April 8, 2008 0

Some Richmond-area banks are growing pickier about which businesses get financing. With a possible recession on the horizon, banks are extra careful to protect their investments. And there’s less money to lend, bankers say,

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