George Mason Mortgage has taken over a converted home-turned-office building for its third outpost in the region.
United Bank-owned mortgage company expands with new Mechanicsville office
Banking
D.C.-based firm snatching up Richmond area’s vacant SunTrust/BB&T branches
Madison Marquette has acquired three such properties in the region this year, including two in recent weeks, using a fund that seems to invest exclusively in empty bank branches.
Bankers claim victory as SCC rules against VACU expansion bid
After a three year legal dispute, the Virginia State Corporation Commission decided Virginia Credit Union cannot offer membership to the 10,000-member Medical Society of Virginia.
Pittsburgh-based banking giant makes its move into Richmond
The $42 billion First National Bank will start with a single-person crew on the commercial side, manned by a veteran of the local banking scene.
BofA permanently closing Lakeside Avenue branch
The location, which straddles the Richmond-Henrico line, had been shuttered temporarily when the pandemic began but it never reopened.
Atlantic Union selling investment advisory arm to Cary Street Partners
The deal involves the sale of AUB’s Dixon, Hubard, Feinour & Brown affiliate, which includes $1.6 billion in assets under management and offices in Charlottesville, Roanoke and Arlington.
Seasoned former TSW, BB&T advisors break out to form new West End firm
Preston Dillard and Scott Storey recently launched 3Chopt Investment Partners and three hires followed them.
Burke & Herbert Bank leases space in Henrico’s West End for first local office
The Northern Virginia-based bank is searching for real estate for its first wave of retail branches in the Richmond area, with an eye toward the West End and Midlothian.
Virginia Credit Union expanding again with first branch in Scott’s Addition
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.
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 »