Sonabank shuttered three branches in July but new CEO Dennis Zember sees opportunities for growth, especially in Northern Virginia and Washington, D.C.
The consolidation, which is partly due to the rise of mobile and online banking, will reduce the locally-based bank’s branch count to 135.
Backed by veteran local bank executive John Presley and seasoned investor Ken Lehman, Sevier County Bank is venturing beyond its roots in Dolly Parton’s hometown.
New Horizon Bank says its pending deal to be acquired by a group out of New York could close as soon as September.
The all-stock deal, which will create a $2.4 billion company with 35 branches in Virginia and North Carolina, will bring the Blue Ridge Bank brand to Richmond for the first time.
Another out-of-town bank enters the fray and lures crew from competitor to get started.
Michael Hild’s trial had been set for October but now will be held in Manhattan in April, as he and his attorney requested more time to prepare.
After two years of methodically plotting its entrance into Richmond, the banking giant is up and running on Staples Mill Road. It’s also under construction on several other local branches.
A Richmond-based wealth management firm looked eastward for its latest acquisition.
The top executive at a Midlothian-based bank is headed for the farm.