An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.
Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.
Check counterfeiters have gone after Franklin Federal Savings Bank in Glen Allen, according to an alert sent out today by the FDIC. The $995 million bank contacted the FDIC to report counterfeit cashier’s checks bearing its name are circulating, when in fact Franklin Federal does not actually issue cashier’s checks. Franklin Federal has eight branches… Read more »
Geico ads are funny again. Ad directors at the Martin Agency have found a new way to make audiences laugh, all in the hopes of driving business to a car insurance company.
More competition for local banks could be on its way from Charlottesville.
Two large out of state banks with a presence in the Richmond market made big announcements this week.
A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.
A director at Carmax cashes in stock options for a profit of $140,000, and Media General and Altria report quarterly earnings.
Local firm gives employees cash and one-week sabbatical
A deal between a Hampton Roads bank and a struggling bank in North Carolina would shake up rankings of the state’s largest community banks.