The Icon at 3200 W. Broad St. will be VACU’s 21st location and it will follow the credit union’s other new branch at Carytown Place shopping center.
Virginia Credit Union expanding again with first branch in Scott’s Addition
Banking
Chase Bank continues local expansion, planning new spot on Hull Street Road
When Chase Bank’s retail division first began its Richmond market entrance in 2018, it set a goal of opening 10 local branches within five years. Four years in, that mark is well within reach and the company says it isn’t planning to stop there. The bank opened its eighth local storefront this month and announced… Read more »
Virginia Credit Union to open Carytown branch in former Panera storefront
The branch expansion comes as the $5 billion credit union awaits a decision in its years-long dispute with bankers over an expansion of a different sort.
Mortgage company’s Richmond ranks stand firm amid mass exodus in D.C.-area
George Mason Mortgage, a subsidiary of United Bank, has watched dozens of its employees leave in recent weeks after being poached by West Coast-based competitor CMG Financial.
Chase, TowneBank secure new branches
Chase Bank has inked a lease for its latest spot in Hanover, while TowneBank bought its way into Short Pump.
Banks vs. VACU legal dispute slogs on
A state examiner has recommended that Virginia Credit Union be allowed to offer membership to the Medical Society of Virginia.
NoVa-based Burke & Herbert Bank makes its move into Richmond
As part of a continued expansion beyond its home market, the $3 billion bank has lured over a group of seasoned Richmond bankers to grow its presence in the region.
Wells Fargo closing two more Richmond branches
The national bank will have 50 locations remaining in the region, down from 65 branches 10 years ago.
Truist Bank shutters more local branches as BB&T-SunTrust merger continues
The bank will be down to 48 retail branches around metro Richmond, compared to 71 when the merger first took place, but no job losses are expected.
Local bank completes $10M capital raise
CEO James Black said Touchstone Bank will use the money to hire more employees as it grows in both the Richmond region and North Carolina.