A local bank’s star is on the rise, a South Carolina-based competitor makes a big splash in the Richmond area and a national banking giant establishes its first local presence. Plenty of executive shuffling and branch openings this year.
Downtown-based Union Bank & Trust began and ended the year in acquisition mode.
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.
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