“Charlottesville is very attractive. It allows us to springboard into Roanoke and southwest Virginia very easily,” Dee Ann Remo said of one of the drivers of the deal.
A $45 billion Pennsylvania-based bank, is the latest big name to sign on at the shopping center, which is under redevelopment at the hands of owner Sauer Properties.
The deal combines Partners Financial FCU’s $93.7 million in assets and 7,900 members with that of Argent CU, which has $426 million in assets and 28,000 members.
Richmond’s biggest bank has lightened its load as a landlord and brought in some extra capital as a result.
Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), recently celebrated the launch of its new Diverse Business Banking program in the Virginia market at Virginia Union University in Richmond. Fulton Bank employees, industry professionals and community leaders gathered for networking and to learn more about the program. A group of panelists spoke… Read more »
The Scott’s Addition-based firm has just capped off its third and largest investment fund to date, raising more than three times its previous fund.
Amid an ebb and flow of branch openings and closings across the region, the banking giant is looking to the Chesterfield suburbs for a new location.
It will be the bank’s ninth Richmond-area branch to be put on the chopping block in the last couple years, including two others that are set to close in the coming weeks.
After being stymied in an expansion attempt by the State Corporation Commission last year, Richmond’s biggest credit union is looking to sidestep the state regulator by taking its charter to the federal level.
The $5 billion institution and one of the largest credit unions in the state is entering the Richmond market for the first time with an outpost in Short Pump.
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