The deal to acquire the Henrico-based bank, which has $1.7 billion in assets and nearly two dozen locations, was completed Friday.
Essex Bank branches now United Bank
Essex Bank
Bank happily writes a big check
Essex Bank and its parent company received approval from regulators this week to make six TARP dividend payments after falling behind in 2010.
Essex Bank’s $221,000 milestone
A local bank that owes the government more than $1 million finally got the green light to make its first TARP payment in more than a year.
Foreclosure, Take 2
Pieces of a fledgling New Kent County development that has been in and out of bankruptcy are once again on the verge of foreclosure.
An unusual but optimistic request
New Kent Courthouse Village, a stalled $30 million mixed-use development modeled after a traditional English village, had its Chapter 11 bankruptcy protection dismissed.
Va. firm under investigation
The State Corporation Commission opened an inquiry into the Tetra Companies, a defunct real estate investment group based in Virginia Beach.
Trading Day: Inside SEC filings for 7.14.11
Apple REIT Ten’s hotel-buying streak shows no signs of slowing down, and a local bank’s CFO will step down in August.
Essex Bank enters agreement with regulators
Written agreements lay out steps banks must take to improve their financial situations. In the case of Essex and CBTC, improvements were aimed at getting a handle on all its problem loans and doing a better job of vetting potential borrowers and identifying potential problem loans in the future.
Local bank names new CEO
The former CEO of the now non-existent Bank of Richmond is back at the helm of a local community bank.
EVB signs written agreement with regulators
It’s official – there is now a handful of struggling local banks under regulatory written agreements.