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.
Richmond-based Matrix moved its HQ to Gateway Plaza and Piper Sandler leased its first office in the city at the SunTrust Center.
Singaporean investors bought the 47-acre site from Longships Capital, Homeward Angel and Prudent Richmond, which paid $38 million for the property in 2017.
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.
New Horizon Bank, the smallest bank in the Richmond region with a single branch, was acquired by holding company CSBH.
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.
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.
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.
The merger of banking giants SunTrust and BB&T created large-scale branch overlap and consolidation has begun.
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.