On the heels of the announcement of two banking deals that will be felt in the Richmond market, another small local credit union is set to be absorbed by a larger peer in the coming weeks.
Small Henrico credit union finds local merger partner
Banking
Small local bank to be acquired by mysterious buyer
The Richmond region’s smallest bank has found a suitor, although details about the buyer and its intentions are scant.
Majority investor grabs more stock at Midlothian bank
An investor who already owns more than half of the shares of the bank in recent weeks acquired thousands more shares. His stake now has a market value of $28 million.
Chase Bank eyes shuttered Matchbox restaurant space in Short Pump
The building, which has sat vacant since June, would be the fourth outpost Chase is eyeing for its initial retail push in the region.
Local bank starts 2020 with acquisition
C&F Bank rang in the new year with the completion of the acquisition of Peoples Community Bank, a small Northern Neck institution.
Local banking news recap 2019: The rise of Truist, Chase and Atlantic Union
A few names grabbed the bulk of the headlines in local banking news this year. The biggest among them was Truist, the resulting brand from the merger of Southeast regional giants BB&T and SunTrust.
BB&T-SunTrust deal closes
The banking giants have tied the knot in a deal that’s sure to bring noticeable changes to the Richmond banking market. But the successor brand – Truist – won’t show up in the area immediately.
Richmond-area branches intact for now as BB&T-SunTrust heads for finish line
The combined banks would have 71 branches in the Richmond market when the deal closes as expected later this week. It remains to be seen how many of those will be consolidated.
BofA to shutter Stonebridge branch
The future of the 1.3-acre outparcel on the former Cloverleaf Mall site remains unknown. The bank leases the property and it is owned by a group out of North Carolina.
Two local banks closing branches in Chesterfield
Virginia Commonwealth Bank and Village Bank are each trimming their location counts in the county.