A former local banker claims he’s been short-changed some of the severance he was promised when he left for another job last year in the midst of his bank being acquired.
Former First Capital CEO sues Park Sterling
Banking
Midlothian bank sheds regulatory agreement
The bank has been released from its so-called written agreement, a stringent pact it entered with the Federal Reserve in 2012 in an effort to find a more stable footing after the recession.
Local bank follows Wegmans to Short Pump
A Wegmans and Cabela’s-anchored shopping center in western Henrico has hooked a bank tenant.
Xenith seals $117M merger
The downtown-based bank on Friday finalized its deal to be absorbed into Hampton Roads Bankshares, creating a $3 billion institution that will keep its combined headquarters in Richmond.
Banking giant laying off dozens in Richmond
One of the big players in the Richmond investment banking industry is trimming its downtown headcount.
Local banks eye Chester, Cumberland for expansion
A local bank that’s soon to relocate its corporate headquarters from river country to Innsbrook is headed further south to expand its branch count, while one of its competitors is looking west.
Local bank ratings show stability
The health of Richmond’s banking market held steady during the first quarter, according to a report this month from a well-known bank ratings firm. The latest measurements from Bauer Financial, a Florida firm that rates all federally insured banks and credit unions in the U.S., showed stability among local banks based on their first quarter… Read more »
Regional bank opens renovated branch in the West End
A Petersburg bank’s new West End outpost is officially open for business. Virginia Commonwealth Bank unveiled its new branch at 900 N. Parham Road on Monday. The 3,000-square-foot building replaces a nearby branch the bank had operated for decades at 405 N. Ridge Road in the Tuckahoe Shopping Center. VCB grabbed the Parham Road spot… Read more »
Former BofA head launches West End firm
More than a year after stepping away from the state’s top post at Bank of America, Gary Gore is back in the game. The former Richmond market head and Virginia president of BofA has launched ACIMA Private Wealth, an investment advisory firm in the West End. It primarily will target families around the Southeast with… Read more »
$12M HQ sale is weight lifted off local bank
Ending a five-year effort, a Midlothian bank has unloaded its former headquarters building in a sale that takes it a step closer to finally ditching the last of its recession-era regulatory burden. Village Bank announced Thursday it has sold its Watkins Centre building, a 70,000-square-foot office that it built in 2008 for $12.25 million. The… Read more »