Banking

The deal that will see the $500 million credit union move its home base shift from South Richmond to Henrico County.

The pending deal to create a $39 billion regional banking behemoth looks to have a clear path to the closing table.  

VACU is at least the second Courthouse Landing tenant to acquire land within the 124-acre mixed-use development. Convenience store and gas station chain Sheetz was the first to get underway.

The banking giant will soon have two new from-scratch branches open for business in the region and plans to spend $20 million on local upgrades and additional expansions in the near future.

Mergers and acquisitions across all ends of the size spectrum were the hot topic in the local banking sector in 2024.

The Milwaukee-based national firm made its entrance into the local market by recruiting a duo from a rival company.

The banking giant is eyeing a former Burger King site near the intersection of Route 1 and West Hundred Road. It would give the bank nearly a dozen branches in the region.

Chesterfield resident Robert Brian Thompson pocketed more than $700,000 by illegally trading on the stocks of banks under his purview at the Fed, including Capital One.

Robert Brian Thompson is facing criminal and civil charges for allegedly pocketing hundreds of thousands of dollars by using illegal inside information to trade on the stocks of the same financial institutions he was tasked with examining.

The 160-year-old firm is branching out from its longtime downtown headquarters to open a meeting space for its advisors and their clients.