Banking

The fallout from a mega-grocery deal once again has left a local bank doing the branch shuffle.

Two major players in the Richmond banking market are making moves, one to bring a new bank brand to town and another to shake up the rankings of the largest community banks in the state.

The financial giant has exited a Northside Richmond neighborhood, leaving its real estate — and the banking market in that part of town — up for grabs.

The institution is developing programs for Amazon Echo devices that allow readers to check branch wait times and up-to-date interest rates.

The deal, valued around $29 million, created a combined $800 million institution that is relocating its combined headquarters to Richmond’s West End.

A local bank’s fourth quarter performance helped it leap up yet another notch in the eyes of a well-known financial institution rating firm, while the Richmond market reached a rating level not seen since before the economic downturn.

The latest in a string of local bank mergers has received the blessing of state and federal regulators, and is primed for a summertime closing date.

The bank’s property, along a stretch of Patterson Avenue that in recent years has become a mini-bankers’ row, is up for grabs.

The Richmond arm of a Hampton Roads-based bank has opened its latest local branch, while a recent land deal in Chesterfield offers a glimpse at its next step for expansion.

Another local finance veteran is betting on the upside of the pending combination of Bank of Lancaster and Virginia Commonwealth Bank.