While still keeping its eye on growth via acquisition, a Henrico-based bank also is reviving a habit it hasn’t kept since the wake of the recession: paying a dividend.
A local insurance agency is under new ownership for the second time in its 150-year history, this time aligning with the insurance arm of a growing regional bank.
A local bank is getting a canal view with its first downtown branch, while filling the entire commercial space in the latest phase of the Locks development.
Less than two years after making an entrance into Powhatan with a small loan office, an area bank is eyeing a competitor’s former headquarters for its first full-service branch in the rural county.
Continuing its steady expansion around the Richmond region, a bank from the Northern Neck has found the spot for its next local office.
The two banks have a combined 75 local branches and nearly $8 billion in local deposits, along with major mortgage, investment banking and wealth-management operations based in Richmond.
With its first big Northern Virginia push officially underway, Richmond’s biggest locally-based bank is rolling out a new identity.
The lone local outpost of a $40 billion bank is on the chopping block.
Richmond’s biggest bank last week cleared a hurdle on its path toward acquiring a Northern Virginia peer.
Continuing a trend it began in 2017, a big national bank is further shrinking its physical presence in the Richmond market.