The latest in a wave of Virginia bank mergers will have a trickle-down effect into Richmond.
Banking
SunTrust backs out of new downtown tower
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
The local Fortune 500 company is being taken private and into the arms of a Chinese conglomerate.
Union moving out of soon-to-be Publix stores
A local bank is on the hunt for real estate as a grocery mega-merger is displacing several of its Richmond-area branches.
N.Y. firm seizes on BB&T layoffs for entry into Richmond
It didn’t take long for many recently laid off local BB&T workers to land on their feet.
Local banking newcomers climb ranks in deposit totals
Newcomers to the Richmond banking scene continue to gain traction in grabbing their share of the market, while two of the big boys lost some of their grip.
Deal for Union oceanfront branch falls through
A local bank has gone back to the drawing board in its bid to stake further claim in Virginia Beach.
Village Bank jumps up a notch
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
A Richmond bank has shed the residential mortgage arm it inherited through its big merger earlier this summer.
Finance startup triples space in Innsbrook
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.