Banking

Two years after it jumped from a downtown tower to Tobacco Row, a local wealth management and financial software company is reversing course.

The trend of consolidation among financial institutions continues in Richmond, as a pair of local credit unions combined earlier this month.

Continuing its streak of expansion in and outside of Richmond, a Henrico-based bank has taken two big steps toward its next pair of branches.

After decades of representing banks from the outside, George Whitley has crossed over.

The local banking industry ended 2016 the same way it began the year: in deal-making mode.

A local company is looking to gather another nine-figure fund aimed at betting on small businesses.

The share prices of locally-based and regional community banks with a sizable presence in the Richmond market are up an average of nearly 18 percent in the weeks since the election.

For the second time in less than two months, an effort to impede the $2.7 billion acquisition of the Henrico County-based insurance giant has quietly faded away.

Another Richmond-area bank has hitched onto the M&A train with a $178 million deal announced Tuesday.

One of Richmond’s largest financial institutions is spreading out in Chesterfield and building from scratch a new branch and office for its growing real estate brokerage arm.