Banking

A Richmond bank is pulling its chair up to the closing table after receiving the last needed approval to move forward with an acquisition by Hampton Roads’ TowneBank.

The massive merger of two Virginia banks cleared another hurdle on Wednesday with votes of approval from shareholders on both sides.

A Chesapeake bank is building up its presence in Richmond and has started converting a Patterson Avenue office space into a new branch.

EVB sealed a merger last week, bringing in access to the Hampton Roads market and $100 million in assets.

With a deep-pocketed fail-safe in place, a local bank has devised a plan to raise a pile of cash in hopes of shoring up its capital cushion and keeping shareholders happy.

A Glen Allen bank is replacing a shut-down Maryland branch for a better location that was recently acquired by Capital One.

With a loss of at least $14 million to thieves, a local armored transportation company’s biggest market is also a big liability.

The latest in a string of local credit union mergers is looking to bring city police and firefighters under one roof.

A Northern Neck bank has its first Richmond branch up and running in a part of town that has become a local banking hub. But the branch opened without the help of the veteran local banker that Bank of Lancaster had tapped to lead its Richmond efforts.

A year after its TARP shares were purchased at auction by unknown bidders, a local bank used funds from a recent capital raise to buy back a big chunk of the shares.