The big three — Bank of America, Truist and Wells Fargo — maintained their control of more than three quarters of the region’s $57 billion in deposits.
Chase Bank, other newcomers make presence felt in local deposit market
Banking
Two groups vie for old BofA branch on Brookland Park Blvd.
One group wants to convert the former Highland Park bank building at Six Points into a restaurant and farmers market, while the other imagines a community health resource center and pharmacy.
Strasburg-based First Bank cashes in on competitor’s Richmond exit
SmartBank, which acquired an office in Innsbrook and a team of local bankers through a recent acquisition, announced last week it is eliminating those operations in the Richmond region and selling them off.
Jackson Ward bank branch rebranded after acquisition by Peoples Bank
The merger with Premier Bank created a $7 billion regional bank with 136 locations in Ohio, West Virginia, Kentucky, Maryland, Virginia and Washington, D.C.
Bank of America closing Forest Hill Avenue branch permanently
Foot traffic at the bank’s only location on the city’s Southside began falling before the pandemic and it has been shuttered since it began.
Capital One laying off 147 remote workers managed from West Creek
The region’s largest employer said there is no direct impact to its Goochland County campus, where a bulk of its 13,000 local employees are typically based.
Bank-anchored building near Virginia Center Commons sells for $15M
Citizens Bank signed a long-term lease in 2019 for the entire 120,000 square feet for its local headquarters. The new landlord likes banks’ low default rates.
Bid goes out to reinvent old Six Points BofA building in Highland Park
An RFP has been issued to propose ways to redevelop and reuse the 4,800-square-foot building that the banking giant vacated four years ago.
Downtime: Atlantic Union Bank’s ‘Ironman’ spokeswoman
The head of corporate communications has completed seven triathlons — single-day, 140.6-mile races that blend swimming, cycling and running — and she’s training for her eighth.
United Bank buying its way into Richmond with Essex Bank acquisition
The deal, valued at $303 million, will add Essex’s $1.7 billion in total assets and 24 branches to United’s $27 billion and current network of 223 branches.