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.
Local bank pays first quarterly dividend since 2010
Banking
TowneBank’s insurance arm acquires old-line Richmond agency
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.
Bank signs on in new Locks Tower project
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.
Blackstone-based bank making bigger push into Powhatan
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.
Kilmarnock-based bank eyes new branch in Chesterfield
Continuing its steady expansion around the Richmond region, a bank from the Northern Neck has found the spot for its next local office.
BB&T-SunTrust deal will ripple through the Richmond market
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.
Union Bank closes $500M NoVA acquisition, plans to rebrand as Atlantic Union
With its first big Northern Virginia push officially underway, Richmond’s biggest locally-based bank is rolling out a new identity.
Memphis-based bank pulling out of Richmond
The lone local outpost of a $40 billion bank is on the chopping block.
Union Bank gets regulatory green light for $610M deal
Richmond’s biggest bank last week cleared a hurdle on its path toward acquiring a Northern Virginia peer.
Wells Fargo trims another local branch
Continuing a trend it began in 2017, a big national bank is further shrinking its physical presence in the Richmond market.