Banking

Richmond’s biggest bank is back in acquisition mode with a deal to expand its footprint in Southwest and Southside Virginia.

While it would be the sixth local Wells Fargo branch to close in the last two years, it’s arguably the most noteworthy location of the bunch.

Nearly 10 years after buying into the Richmond market, the Hampton Roads-based bank finally has the visibility it has sought in Short Pump.

Richmond’s biggest bank is trimming its employee count and eliminating some of its downtown office space as it looks to keep expenses in check in the face of steady revenue but rising interest rates.

Banking apparently beckons Billy Beale. The veteran Richmond banker, who first retired as CEO of what’s now Atlantic Union Bank in 2016 only to un-retire for a brief gig at Community Bankers’ Bank in 2018, has un-retired once again. This time he’s back to take the helm of Blue Ridge Bank, which is based in… Read more »

Amid tumult in the broader banking market, Richmond-area banks are getting a new competitor.

The banking giant would purchase and raze the long-vacant former Hardee’s building, which sits across from competitor Chase Bank’s Willow Lawn outpost.