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.
Bank of America closing Forest Hill Avenue branch permanently
Banking
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.
SunTrust transitioning by vacating big swath of Innsbrook-area office space
The bank, as part of combining with BB&T as Truist Bank, will vacate its 250,000-square-foot suburban campus at 11011 and 11013 W. Broad St.
Schwab, TD Ameritrade consolidate Short Pump branches after merger
The Schwab office at 11657 W. Broad St. closed and moved in with TD at 11108 W. Broad St. The building, which now wears Schwab signage, has employees of both brands onsite.
Deal to combine Tennessee banks will ripple into Richmond
Sevier County Bank, which expanded into Richmond last fall as Southern Community Bank, is set to be acquired by SmartBank, a much larger competitor from its home state.
Investment banking firms Matrix and Piper Sandler make moves downtown
Richmond-based Matrix moved its HQ to Gateway Plaza and Piper Sandler leased its first office in the city at the SunTrust Center.