Banking

BofA to shutter Stonebridge branch

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.

Chesterfield credit union to merge with VACU

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.

Hild gets more time to respond to SEC charges

Embattled local businessman Michael Hild last week bought himself some extra time to respond to civil claims filed against him by the federal government.

Hilb Group acquired by Carlyle Group

The fast-growing local insurance brokerage has a new private equity backer to help fuel its continued wave of agency acquisitions.

Chase Bank eyes spot near VCU

With locations lined up in Willow Lawn and the West End for its initial Richmond retail push, banking giant Chase Bank is now going after the VCU market.