Gateway Bank

More branches falling

For the second time this month, an out-of-town bank is looking to unload one of its local branches.

‘Strategic’ default?

One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.

Local bank’s holding company gets infusion

With its capital base still eroding from massive levels of loan losses, the Norfolk-based parent company of Gateway Bank said today it has entered into agreements with institutional investors who will infuse it with sorely needed capital.