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.
Richmond-area banks flush with deposits
Banking
N.C. bank’s wealth management arm to set up shop in Richmond
First Citizens Bank & Trust already has six retail locations in the area.
Midlothian bank swooping into Scott’s Addition with branch in The Nest
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.
Henrico-based Sonabank scores $60M in capital raise
Sonabank shuttered three branches in July but new CEO Dennis Zember sees opportunities for growth, especially in Northern Virginia and Washington, D.C.
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.