Banking

TowneBank, Park Sterling keep M&A action rolling

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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.

Richmond banks hit a milestone in ratings

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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.