Sonabank shuttered three branches in July but new CEO Dennis Zember sees opportunities for growth, especially in Northern Virginia and Washington, D.C.
Henrico-based Sonabank scores $60M in capital raise
Banking
Atlantic Union trims 14 branches, including two in the West End
The consolidation, which is partly due to the rise of mobile and online banking, will reduce the locally-based bank’s branch count to 135.
Former First Capital Bank CEO helping steer Tennessee bank into Richmond
Backed by veteran local bank executive John Presley and seasoned investor Ken Lehman, Sevier County Bank is venturing beyond its roots in Dolly Parton’s hometown.
Powhatan banking deal a step closer to finish line
New Horizon Bank says its pending deal to be acquired by a group out of New York could close as soon as September.
Blue Ridge Bank in Charlottesville acquires Virginia Commonwealth Bank
The all-stock deal, which will create a $2.4 billion company with 35 branches in Virginia and North Carolina, will bring the Blue Ridge Bank brand to Richmond for the first time.
Hampton-based Old Point National Bank breaks into Richmond market
Another out-of-town bank enters the fray and lures crew from competitor to get started.
Hild trial pushed back due to coronavirus
Michael Hild’s trial had been set for October but now will be held in Manhattan in April, as he and his attorney requested more time to prepare.
Chase Bank opens first Richmond-area retail branch
After two years of methodically plotting its entrance into Richmond, the banking giant is up and running on Staples Mill Road. It’s also under construction on several other local branches.
Financial advisory firm extends acquisition streak
A Richmond-based wealth management firm looked eastward for its latest acquisition.
Local bank CEO stepping down
The top executive at a Midlothian-based bank is headed for the farm.