While Richmonders appear to have been socking away cash over the last year, there’s also been continued shuffling in the upper ranks of the region’s battle for bank deposits.
First Citizens Bank & Trust already has six retail locations in the area.
Village Bank leased space at 3117 W. Marshall St. but it will close its location at 1650 Willow Lawn Drive when the new branch opens.
Sonabank shuttered three branches in July but new CEO Dennis Zember sees opportunities for growth, especially in Northern Virginia and Washington, D.C.
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.
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.
New Horizon Bank says its pending deal to be acquired by a group out of New York could close as soon as September.
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.
Another out-of-town bank enters the fray and lures crew from competitor to get started.
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.