Less than two years after making an entrance into Powhatan with a small loan office, an area bank is eyeing a competitor’s former headquarters for its first full-service branch in the rural county.
Continuing its steady expansion around the Richmond region, a bank from the Northern Neck has found the spot for its next local office.
The two banks have a combined 75 local branches and nearly $8 billion in local deposits, along with major mortgage, investment banking and wealth-management operations based in Richmond.
With its first big Northern Virginia push officially underway, Richmond’s biggest locally-based bank is rolling out a new identity.
The lone local outpost of a $40 billion bank is on the chopping block.
Richmond’s biggest bank last week cleared a hurdle on its path toward acquiring a Northern Virginia peer.
Continuing a trend it began in 2017, a big national bank is further shrinking its physical presence in the Richmond market.
A changing of the guard has occurred at a Richmond-area bank, as its longtime chief executive has passed the torch after nearly three decades.
A local bank’s star is on the rise, a South Carolina-based competitor makes a big splash in the Richmond area and a national banking giant establishes its first local presence. Plenty of executive shuffling and branch openings this year.
Downtown-based Union Bank & Trust began and ended the year in acquisition mode.
Nearly two years after his last employer was acquired by an out-of-town competitor, a veteran local banking executive has come off the sidelines to help a Northern Virginia-based bank continue its push into the Richmond market.