Those being laid off include the Henrico-based bank’s CFO, COO and other upper-level executives, in addition to back office positions.
Essex Bank laying off dozens as part of merger with United Bank
Banking
Banking giant Wells Fargo closes West Broad Village branch
Despite its Short Pump location, the branch was among the bank’s smallest branches in the region in terms of deposits.
Chase Bank, other newcomers make presence felt in local deposit market
The big three — Bank of America, Truist and Wells Fargo — maintained their control of more than three quarters of the region’s $57 billion in deposits.
Two groups vie for old BofA branch on Brookland Park Blvd.
One group wants to convert the former Highland Park bank building at Six Points into a restaurant and farmers market, while the other imagines a community health resource center and pharmacy.
Strasburg-based First Bank cashes in on competitor’s Richmond exit
SmartBank, which acquired an office in Innsbrook and a team of local bankers through a recent acquisition, announced last week it is eliminating those operations in the Richmond region and selling them off.
Jackson Ward bank branch rebranded after acquisition by Peoples Bank
The merger with Premier Bank created a $7 billion regional bank with 136 locations in Ohio, West Virginia, Kentucky, Maryland, Virginia and Washington, D.C.
Bank of America closing Forest Hill Avenue branch permanently
Foot traffic at the bank’s only location on the city’s Southside began falling before the pandemic and it has been shuttered since it began.
Capital One laying off 147 remote workers managed from West Creek
The region’s largest employer said there is no direct impact to its Goochland County campus, where a bulk of its 13,000 local employees are typically based.
Bank-anchored building near Virginia Center Commons sells for $15M
Citizens Bank signed a long-term lease in 2019 for the entire 120,000 square feet for its local headquarters. The new landlord likes banks’ low default rates.
Bid goes out to reinvent old Six Points BofA building in Highland Park
An RFP has been issued to propose ways to redevelop and reuse the 4,800-square-foot building that the banking giant vacated four years ago.