An investor who already owns more than half of the shares of the bank in recent weeks acquired thousands more shares. His stake now has a market value of $28 million.
The building, which has sat vacant since June, would be the fourth outpost Chase is eyeing for its initial retail push in the region.
C&F Bank rang in the new year with the completion of the acquisition of Peoples Community Bank, a small Northern Neck institution.
A few names grabbed the bulk of the headlines in local banking news this year. The biggest among them was Truist, the resulting brand from the merger of Southeast regional giants BB&T and SunTrust.
The banking giants have tied the knot in a deal that’s sure to bring noticeable changes to the Richmond banking market. But the successor brand – Truist – won’t show up in the area immediately.
The combined banks would have 71 branches in the Richmond market when the deal closes as expected later this week. It remains to be seen how many of those will be consolidated.
The future of the 1.3-acre outparcel on the former Cloverleaf Mall site remains unknown. The bank leases the property and it is owned by a group out of North Carolina.
Virginia Commonwealth Bank and Village Bank are each trimming their location counts in the county.
A small local financial institution founded nearly 60 years ago to serve employees of the Chesterfield County government is looking to be absorbed by the region’s largest credit union.
In the midst of a healthy banking market, the Innsbrook-based firm is making a multimillion-dollar national push into the software business as it continues its post-recession evolution.