Banking

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

With their marriage set for April Fool’s Day, two banks from Petersburg and Kilmarnock have found a place to settle down together in Richmond.

A local bank merger now has a clear path to the closing table, in a deal that would create a combined $800 million institution.

As it moves toward a merger with a Northern Virginia peer, a Henrico-based bank disclosed this week that it has shed two dozen jobs in the last two months.

With a westward expansion in the works in Charlottesville, the local bank also recently looked east in a bid to grow its mortgage division.

A group of Northside businesses and residents is trying to stop the banking giant from pulling out of their neighborhood.

Ending what he described as a six-month sabbatical from banking, Gary Armstrong is back in the game.

The downtown investment banking firm isn’t backing down in its legal battle with a group of attorneys from Richmond and Charlottesville.

Seizing the chance to add a veteran of the public sector to its ranks, the Richmond investment banking firm has set up a new shop in South Carolina.

Less than six months after expanding its lending office, the local bank is taking a bigger step in Cavalier country.