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.
Deal to combine Tennessee banks will ripple into Richmond
Banking
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.
Bank of America’s multi-building complex in Henrico sells for $208M
Singaporean investors bought the 47-acre site from Longships Capital, Homeward Angel and Prudent Richmond, which paid $38 million for the property in 2017.
Atlantic Union Bank finds location for its first branch in Scott’s Addition
Richmond’s biggest locally-based bank will open a 1,500-square-foot storefront at 1400 Roseneath Road in the Scott’s View mixed-use development.
Powhatan bank gets new owner, $5M in fresh capital for digital push
New Horizon Bank, the smallest bank in the Richmond region with a single branch, was acquired by holding company CSBH.
Chase Bank branching out to eastern Henrico with White Oak location
he new from scratch bank at 4508 S. Laburnum Ave. would be at least the ninth Richmond-area branch either open for business or in the works for Chase.
Old downtown bank, nightclub building to be auctioned in foreclosure
The now-vacant property, which has been home to a variety of hospitality concepts, is on the block for the second time in six years.
Longtime local bank CEO quitting after merger with Charlottesville bank
Randy Greene turned in his resignation letter Feb. 9, barely a week after the deal was consummated between Blue Ridge Bank and Virginia Commonwealth Bank.
Truist Bank closing dozens of Virginia branches, including 10 in Richmond
The merger of banking giants SunTrust and BB&T created large-scale branch overlap and consolidation has begun.
Virginia Commonwealth Bank finalizes acquisition by Charlottesville peer
Blue Ridge Bank will be the surviving brand of a combined entity with $2.8 billion in total assets and 35 branches in Virginia and North Carolina.