The merger is another example of a long-running trend of older, smaller credit unions looking to be merged into larger peers.
Michael Schwartz
Midlothian, New Kent branches among 8 locations closed by Primis Bank
They were part of a round of closures of eight of the bank’s 32 branches that occurred Oct. 31, leaving Primis with 24 branches and expected to save the bank millions per year.
RVA 25: Meet Brandefy, the local cosmetics company that topped this year’s list
“We are still very small and it’s exciting to hit that scaling stage,” said founder and CEO Meg Pryde. “What I love about this company is there really is no significant ceiling.”
Local startup The Endowment Project launches first funds for high schools, lands pledge from casino developers
As it rolls out its first fundraising programs for local high schools as a proof-of-concept, the upstart company’s efforts just got a boost from a new, deep-pocketed source.
Williams Mullen lures another lawyer team, this time from Hampton Roads firm
The new additions are from a Norfolk-based firm that’s in the process of building out its first permanent Richmond, a move that won’t be halted because of the departures.
Last year’s top RVA 25 company keeps M&A deals flowing
Looking ahead to the unveiling next month of this year’s RVA 25 rankings, BizSense checked in with Sterling Point Advisors, which turned heads atop last year’s list with whopping 15,000 percent growth rate.
Year-old Richmond investment advisory firm expands to Atlanta
The firm, launched by a group that broke away from a local bank, is already on the move and has additional expansion in mind.
Lawyer’s penchant for colonial-style buildings leads to new HQ for his firm
The nearly 9,000-square-foot building will allow Smith Strong to consolidate its staff from two other buildings it owns in Henrico, both of which are a similar architectural style.
Local bank deposits fell by nearly $3B over past 12 months
Of the 27 banks with a retail presence in the local market, 16 reported a decline in deposits in their Richmond-area locations over the last year.
Fred Funk and Friends: Richmond’s other big-name golf tournament
As the Dominion Energy Charity Classic descends this week into Richmond, another, less publicized golf tournament took place at another, lesser-known local golf course.