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$12M HQ sale is weight lifted off local bank

$12M HQ sale is weight lifted off local bank

Michael Schwartz June 17, 2016 1

Ending a five-year effort, a Midlothian bank has unloaded its former headquarters building in a sale that takes it a step closer to finally ditching the last of its recession-era regulatory burden. Village Bank

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EVB signs Innsbrook deal for new corporate HQ

EVB signs Innsbrook deal for new corporate HQ

Michael Schwartz June 16, 2016 0

A local bank holding company is pulling up stakes in river country and heading to Innsbrook. Eastern Virginia Bankshares, parent company of EVB, announced Wednesday it will relocate its headquarters later this year to

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Union marches south, Xenith clears a hurdle

Union marches south, Xenith clears a hurdle

Michael Schwartz June 7, 2016 0

Armed with a foursome that jumped over from another company, a Richmond-based bank has made its move further into the North Carolina market. Union Bank & Trust announced last week the opening of a

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Union closes acquisition of UVA alum-led firm

Union closes acquisition of UVA alum-led firm

Michael Schwartz June 3, 2016 0

Richmond’s largest local bank has sealed a deal in Charlottesville to expand its wealth management business. Union Bank & Trust on Tuesday finalized its acquisition of Old Dominion Capital Management, a Charlottesville-based investment advisory

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N.C. buyer snatches up Bank of Virginia

N.C. buyer snatches up Bank of Virginia

Michael Schwartz May 23, 2016 0

The wave of bank consolidation has come ashore in Richmond once again. Midlothian-based Bank of Virginia and its parent company Cordia Bancorp announced on Friday a deal to be acquired by First Citizens Bank

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Out-of-town bank makes pre-deal move in Midlothian

Out-of-town bank makes pre-deal move in Midlothian

Michael Schwartz May 12, 2016 0

A pending acquisition isn’t stopping a Chesapeake-based bank from increasing its presence in the Richmond market. Monarch Mortgage, the lending arm of Monarch Bank, last month opened a new Chesterfield office in a leased

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Local bank zeros in on sale of former HQ

Local bank zeros in on sale of former HQ

Richmond BizSense April 25, 2016 0

On the market since 2011, the former headquarters building of a local bank is finally seeing some serious action. Village Bank is working a deal to sell its Watkins Centre building, a 70,000-square-foot office

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Bank setting up shop in West End retirement community

Bank setting up shop in West End retirement community

Michael Schwartz April 22, 2016 0

After making its presence in Richmond felt in a big way on Patterson Avenue last year, a bank from Kilmarnock has a slightly less visible spot in mind for its next local branch. Chesapeake

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Deal beefs up Union’s wealth management clout

Deal beefs up Union’s wealth management clout

Michael Schwartz April 6, 2016 0

Richmond’s biggest local bank has struck a deal in Charlottesville that it hopes will be the first in a series of steps toward growing its wealth management arm. Union Bank & Trust announced on Tuesday

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Local contractor pleads guilty on tax charges, bank takes a hit

Local contractor pleads guilty on tax charges, bank takes a hit

Michael Schwartz April 5, 2016 0

Fallout from a local contractor’s guilty plea on federal tax charges last month has forced at least one area bank to take a hit on its balance sheet. Michael Manning, 52, who ran Manning

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