The all-stock deal, which will create a $2.4 billion company with 35 branches in Virginia and North Carolina, will bring the Blue Ridge Bank brand to Richmond for the first time.
Blue Ridge Bank in Charlottesville acquires Virginia Commonwealth Bank
Banking
Hampton-based Old Point National Bank breaks into Richmond market
Another out-of-town bank enters the fray and lures crew from competitor to get started.
Hild trial pushed back due to coronavirus
Michael Hild’s trial had been set for October but now will be held in Manhattan in April, as he and his attorney requested more time to prepare.
Chase Bank opens first Richmond-area retail branch
After two years of methodically plotting its entrance into Richmond, the banking giant is up and running on Staples Mill Road. It’s also under construction on several other local branches.
Financial advisory firm extends acquisition streak
A Richmond-based wealth management firm looked eastward for its latest acquisition.
Local bank CEO stepping down
The top executive at a Midlothian-based bank is headed for the farm.
Credit card startup Mission Lane plants flag in Scott’s Addition
The company has taken over 20,000 square feet in a redeveloped building on Belleville Street. It’s one of the bigger office deals in the neighborhood in recent memory.
Chase Bank taking over former Peking restaurant in Shockoe Slip
The national bank has found a spot for its first downtown retail branch, part of its continuing push to open a slew of outposts around the region.
Local bank stocks up with $172M offering
Richmond’s biggest locally based bank last week added to its capital coffers.
New CEO in store for Midlothian-based bank
Back on more stable financial ground, a locally based bank is set to get its third CEO in six years. Midlothian-based Community Bankers Bank earlier this month announced Gary Shook, a veteran Virginia banker and former longtime head of Middleburg Bank, as its next chief executive. Shook, 60, will replace Billy Beale, who came out… Read more »