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 Bank has inked a lease for its latest spot in Hanover, while TowneBank bought its way into Short Pump.
A state examiner has recommended that Virginia Credit Union be allowed to offer membership to the Medical Society of Virginia.
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.
The national bank will have 50 locations remaining in the region, down from 65 branches 10 years ago.
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.
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.
Mergers and acquisitions by financial institutions had ripple effects, including layoffs, branch closures and office shuffling.
The deal to acquire the Henrico-based bank, which has $1.7 billion in assets and nearly two dozen locations, was completed Friday.
The $16 billion Hampton Roads-based bank has applied for permission to operate at 11704 W. Broad St.
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