The big four still dominate the chase for deposit dollars in the region, but one locally-based player is nipping at their heels.
Wells Fargo, BB&T lose ground in Richmond deposit battle
Banking
C&F goes back for seconds in C-ville
A local bank is expanding its branch presence in Charlottesville beyond the city’s Downtown Mall, with a second outpost in the works and a third likely at some point.
$610M deal bolsters Union’s goal of becoming ‘Virginia’s bank’
Richmond’s Union Bank & Trust last week announced a deal that will give it its first significant piece of the Northern Virginia market, paving the way for it to become the dominant statewide bank in the commonwealth.
Breaking News: Union Bank strikes $610M deal for greater push into NoVA
Richmond’s Union Bank & Trust has hit the accelerator once again with yet another acquisition, this time making a play for its first significant piece of the Northern Virginia market. The $13 billion downtown-based bank announced a deal this morning to acquire Access National Bancorp out of Reston in an all stock transaction valued at… Read more »
Henrico-based bank aims for sixth branch in Maryland
On the heels of opening a new branch in Chesterfield County, a local bank is continuing its run of expansion with yet another outpost planned in Maryland.
Hilds list half of their Manchester holdings for sale
As their bid to add historic designation to more Manchester-area properties remains undecided, a local development duo that has amassed nearly 30 properties there is looking to unload a chunk of its portfolio.
Local bank lining up Scott’s Addition branch
Despite pulling the plug on a planned downtown branch and closing a location in Hopewell as part of a round of expense cuts, a Richmond bank is moving closer to a deal for an outpost in Scott’s Addition.
Union to close 7 branches statewide, including Brook Road
As it settles into its new, larger size following an acquisition earlier this year, one of Richmond’s biggest banks is trimming some branches around the state.
Local bank opens new, modern-design branch in Powhatan
One of the Richmond market’s smallest banks has increased its visibility in Powhatan County.
Massive credit union landing in Chesterfield
The nation’s largest credit union is expanding its presence in the Richmond market.