Banking

The first piece of a new 7-acre, Luck Cos.-led development called Stoneridge got underway last week.

Armed with the recently departed CEO of New Horizon Bank, an out-of-town player has staked a claim in the Powhatan banking market.

After hiring a Richmond marketing firm and going through dozens of names, two Virginia financial institutions have settled on their new moniker.

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.

A deal is in the works to make a local financial institution the East Coast hub for one of its larger West Coast peers.

An out-of-town bank has found its man to lead its charge into the Richmond market.

A $430 million financial institution is looking to become a bigger player in the mortgage market – and using two local executives and a Chesterfield office to get started.

As it prepares to close on a major acquisition, the local bank has poached a big name from a big competitor to run its day-to-day.

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.

A Strasburg-based bank has received state and federal approval to open a branch on Patterson Avenue, its first outpost in the region.