Banking

Shareholders sue over Union-Xenith deal

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The pending marriage of two local banks is now the subject of two lawsuits attempting to block the deal, part of a legal trend that’s become a kind of rite of passage for most M&A negotiations involving publicly traded companies.

Newly merged bank scores $35M in capital

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Following the merger that made it an $800 million institution, Virginia Commonwealth Bank has loaded up its capital cache as it remains on the hunt for future deals.

Midlothian bank charges into Williamsburg

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A local financial institution is making its first move into the Hampton Roads market, which recently has opened up after a steady stream of mergers.