The change means VACU is no longer regulated by the state’s Bureau of Financial Institutions. It is now solely regulated by the National Credit Union Administration.
VACU is now a federal credit union
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
N.C.-based Southern Bank to open first branch in Richmond market
A year after making its first-ever push into the Richmond market, the Mount Olive-based bank is looking to beef up its capabilities here.
Two local medical practices file Chapter 11 bankruptcy
Two Richmond-area medical practices, each looking to remain in business while sorting out respective financial struggles, have sought bankruptcy protection in recent weeks.
Law firm moves: Whiteford expands downtown, Woods Rogers completes post-merger rebrand
Whiteford Taylor & Preston has added a floor in James Center, while Woods Rogers Vandeventer Black has gone back to being known simply as Woods Rogers.
Owens & Minor moving HQ to Henrico
The Fortune 500 is relocating its global headquarters to a much smaller space in Henrico County after selling its longtime Hanover hub to VDOT earlier this year for $33 million.
Judge OKs new order to stop ex-Salomon & Ludwin employees from poaching clients
Court records illustrate the hit S&L has taken since the mass exodus began last month: 427 client accounts totaling $352 million had been transferred out of the firm as of June 18.
Local wealth advisory ‘blindsided,’ sues ex-employees who left to launch new firm
The sudden resignation of four employees and the launch of their new firm has led to a federal judge ordering them to temporarily stop soliciting their former employer’s clients.
Lender wins fight for control of some Hild properties in Manchester
The properties, which include the buildings housing Hild’s shuttered Dogtown Brewing, Hot Diggity Donuts and Butterbean cafe, will soon be headed to auction.
Announcing changes to BizSense Pro subscription service
Two years ago, we put the extensive BizSense news archive behind our BizSense Pro paywall. Now, we’re announcing further changes to how our news and archives are viewed.
Fulton Bank snags shuttered Wells Fargo branch for new West End outpost
The $27 billion Pennsylvania-based bank plans to relocate its Innsbrook-area branch at 4180 Dominion Blvd. to a building at the corner of Parham Road and West Broad Street following a round of renovations.