Banking

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.

Bank grabs more space in James Center for Richmond HQ

Less than two years into its run in Richmond, a South Carolina-based bank is bulking up its presence downtown, in a move that will allow it to offload an Innsbrook office building.

Chase Bank gets go-ahead for Willow Lawn branch

The financial giant took two important steps this month toward opening a prominent location as part of its initial retail push into the Richmond market.

Local bank grabs $25M in capital raise

vcb branch

Two years after it took on more than $30 million from investors, a Richmond-based bank is back in capital-raising mode.