Banking

SunTrust backs out of new downtown tower

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Less than a year after announcing its plans to anchor a new tower planned near the downtown riverfront, one of Richmond’s biggest employers has decided to stay put.

Genworth to be sold for $2.7B

Genworth headquarters ftd

The local Fortune 500 company is being taken private and into the arms of a Chinese conglomerate.

Village Bank jumps up a notch

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While most local financial institutions held steady in the eyes of a well-known ratings firm last quarter, Village proved to be the exception.

Xenith dumps HRB mortgage unit

Xenith hq 600

A Richmond bank has shed the residential mortgage arm it inherited through its big merger earlier this summer.

Finance startup triples space in Innsbrook

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Fresh off a capital raise and financing round, a fast-growing local startup has taken more office space in Henrico and is in hiring mode.