Banking

An organization for the state’s credit unions has put about $4 million worth of work into connecting and renovating a string of buildings downtown to serve as a home base during lobbying season.

The former Richmond CEO of SunTrust is jumping back into bigger business after a few years with a smaller local bank, and her position is aimed at growing her new company’s presence in Virginia.

A Rhode Island bank has applied to open its first branch in the local market – but the new location will be aimed at the company’s 600 local employees.

For its new CEO, a Midlothian bank turned to the retired former chief of StellarOne, whose long banking career has included several large M&A deals.

A bank’s CEO has brought the company to his hometown of Bon Air and revived a vacant branch building, and he thinks the new location can bring in $15 million in local deposits by year’s end.

A small local bank’s former CFO pleaded guilty last week to skimming about $100,000 from the company, but he will serve no jail time on a suspended sentence.

An out-of-town bank’s first Richmond retail branch is open for business in a former gift shop along the competitive stretch of Patterson Avenue.

A succession is in the works at the top of one of Richmond’s largest financial institutions as its CEO will step down early next year.

With the popularity of cycling gaining momentum in Richmond, the area’s largest credit union is getting in on the trend with new loans for bike purchases.

One of several local banks to turn to TARP during the recession has finally cut all ties with the federal program after spending $9 million to buy back shares of its preferred stock.