The merger of banking giants SunTrust and BB&T created large-scale branch overlap and consolidation has begun.
Truist Bank closing dozens of Virginia branches, including 10 in Richmond
Banking
Virginia Commonwealth Bank finalizes acquisition by Charlottesville peer
Blue Ridge Bank will be the surviving brand of a combined entity with $2.8 billion in total assets and 35 branches in Virginia and North Carolina.
Wells Fargo shifting hundreds of jobs from Innsbrook to St. Louis and Minneapolis
About 320 jobs in the Wealth & Investment Management division are being cut locally but 2,000 workers from other divisions will remain here.
Henrico-based Sonabank changing its name to Primis Bank
The bank’s executive team and board came up with the new brand, which CEO Dennis Zember said is Latin for “first.”
Downtown financial firm Janney opening River Road Shopping Center office
The firm has about 30 employees in Richmond, 10 of which will relocate to the 4,900-square-foot space that had housed the 3Sports triathlete shop.
Tennessee-based bank opens in Innsbrook with new Richmond brand
Southern Community Bank, an offshoot of Sevier County Bank, is the third new bank John Presley has helped launch locally.
Chase Bank to open in former Bank of America branch at Stonebridge
The 4,000-square-foot Midlothian Turnpike property has sat vacant for about a year.
Richmond banking recap for 2020: M&A action, CEO changes, new branches
The pandemic put some deals on hold but there was an executive shuffle and an aggressive expansion by several financial institutions.
Chase Bank following Publix into new Carytown Exchange development
It will be at least the fourth Richmond-area branch in the works for Chase, in addition to the first two it opened this year in Short Pump and Henrico.
TowneBank unveils first Chesterfield branch, eyes two more sites in county
The Hampton Roads-based bank in October opened its new 8,500-square-foot location at 9961 Iron Bridge.