Chesapeake Bank plans to spend millions to renovate a Patterson Avenue office for its first full branch in Richmond, jumping into an increasingly busy stretch of town for banking.
Banking
Bank gets go-ahead for merger
A local bank has cleared two big hurdles on its way to the acquisition of a bank in Newport News.
NC bank sets up first branch on Patterson Ave.
The banking market is getting even hotter along the Libbie and Patterson retail stretch as another out-of-town bank is planting its flag in the neighborhood.
Bank moves into two vacant branches
A Northern Neck bank has closed on its first Richmond branch offices with one location on Patterson Avenue and one Southside.
Shared UVA roots help seal merger
A Shockoe Slip financial firm’s latest acquisition is tinged with the colors of Wahoo blue and orange.
Union banks on the Hokies
Richmond’s biggest bank is betting on college sports and academics to bolster its brand in the western part of the state.
Credit union reaches for more members, new offices
Call Federal Credit Union has been approved for an expanded community charter that it plans to use to reach more potential members around the region and open five new offices.
Memphis firm targets Richmond wealth
A Tennessee-based financial firm has opened a branch of its wealth management division in the local market, adding to the investment banking operations it has had here since 2010. It has a veteran of the financial advisor scene leading the charge.
Richmond lures another bank from the Northern Neck
Another rural Virginia bank has entered the Richmond market with a commercial lender who was formerly employed by one of its rivals.
Local bank to be acquired in $275M deal
Hampton Roads’ largest bank is entering the Richmond market in a big way, announcing this morning a deal to acquire a longtime local institution, its eight branches and its $1 billion in assets.