The sales in Midlothian and the Twin Hickory area are at least the fourth shuttered local branches to be sold off by Truist Bank in the last two months.
Truist unloads more former SunTrust branches in Henrico, Chesterfield
Banking
Henrico-based bank launches in-house mortgage unit by acquiring firm in N.C.
“We didn’t buy it to stay small,” said Primis Bank CEO Dennis Zember. “The strategy is to recruit. We’re recruiting all the way from Orlando and Tampa through the mid-Atlantic.”
United Bank-owned mortgage company expands with new Mechanicsville office
George Mason Mortgage has taken over a converted home-turned-office building for its third outpost in the region.
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.
