It was no April Fool’s Day prank: two sizable Richmond-area bank acquisitions both closed on Tuesday, a rare occurrence, to be sure.
TowneBank finalizes acquisition of Midlothian-based Village Bank
Banking
Atlantic Union closes massive Sandy Spring Bank acquisition
April Fool’s Day was all business for Atlantic Union Bank, as it completed its leap to become a nearly $40 billion regional banking powerhouse.
Former Richmond Fed employee to be sentenced this week for insider trading scheme
Federal prosecutors are seeking a prison sentence of 30-37 months for longtime Fed employee Robert Brian Thompson, while he has asked for 15 months.
TowneBank gets regulator go-ahead for Village Bank acquisition
The all-cash deal, valued at $120 million, is now set to close early next month and would double TowneBank’s Richmond-area branch footprint.
N.C.-based Southern Bank continues Richmond push with first full-service branch
After making a fairly quiet entrance into the Richmond market two years ago, the $5 billion Mount Oliver, N.C.-based bank is looking to ramp things up.
First Bank taps longtime local banker Shearin to lead Richmond operations
Fresh off an acquisition that significantly expanded its footprint in the region, the Strasburg, Va.-based bank has hired a seasoned local CEO to help lead its growth in Richmond.
Local credit union buys Innsbrook building for new HQ
The deal that will see the $500 million credit union move its home base shift from South Richmond to Henrico County.
Atlantic Union gets shareholder, regulatory approval for massive Sandy Spring acquisition
The pending deal to create a $39 billion regional banking behemoth looks to have a clear path to the closing table.
VACU secures spot in new Courthouse Landing development with $1.2M land deal
VACU is at least the second Courthouse Landing tenant to acquire land within the 124-acre mixed-use development. Convenience store and gas station chain Sheetz was the first to get underway.
Bank of America opens new Chesterfield branch, nears completion on Willow Lawn outpost
The banking giant will soon have two new from-scratch branches open for business in the region and plans to spend $20 million on local upgrades and additional expansions in the near future.
