Richmond’s biggest credit union has a deal in the works to absorb a small FCU and create its first office in Charlottesville.
Banking
Bank returns to former name
Richmond’s biggest community bank has finally shed its 2010 post-merger namesake and has reclaimed the brand it went by in its early years.
Banking vet leads firm’s Richmond debut
The former head of Davenport’s financial institutions group has jumped ship to lead a Chicago-based firm’s first push into the Richmond market.
Bank nears big move to new branch
A Memphis-based bank that has been operating under the radar in Richmond since 2008 is getting ready to make its first big visible push into the market with a branch at Reynolds Crossing.
Bank launches student debt program
A Midlothian bank is rolling out a plan to tap into a huge market of college grads who need to restructure their student loans.
New bank builds its manpower
Shorty after a huge merger brought it into the Richmond market, the newest bank in town is siphoning off talent from its competition.
Bank trims down TARP shares
A local bank is continuing to chip away at the shares it has still outstanding from the 2008 federal TARP program with a multimillion-dollar buyback announced this week.
Bank moves closer to major capital raise
A bank is proceeding with its plan to raise up to $13 million and has taken another step toward a stock offering of 1 million shares.
Banks seal $275 million merger
After the official closure of a huge acquisition, a long-standing local bank has been absorbed and its CEO has stepped down from his post.
Local banking 2014: A year for deals and out-of-towners
A wave of consolidations hit Richmond this year as smaller banks combined forces. And 2014 saw the formation of a mini banking hub in the West End and the expansion of several out-of-town banks into the Richmond market.