Nearly two years after his last employer was acquired by an out-of-town competitor, a veteran local banking executive has come off the sidelines to help a Northern Virginia-based bank continue its push into the Richmond market.
Keeping its foot on the accelerator after announcing its latest acquisition, a Richmond-based bank this month unveiled a new branch in Chesterfield County and sold a shuttered location to a competitor in Wahoo country.
A local bank’s largest shareholder has tightened his grip on the company.
Two freestanding bank buildings along West Broad Street each fetched seven-figure sales prices in recent weeks.
The Richmond market is home to yet another $1 billion bank.
Billy Beale has stepped back into a chief executive role – this time to help right the ship at a struggling Midlothian-based institution.
The big four still dominate the chase for deposit dollars in the region, but one locally-based player is nipping at their heels.
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.
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.
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 »
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