Banking

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.

Another rural Virginia bank has entered the Richmond market with a commercial lender who was formerly employed by one of its rivals.

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.

The Virginia and West Virginia bankers associations are working on a merger agreement that would bring the two lobbying and industry groups under one umbrella nonprofit.

One of the dominant banks in Hampton Roads has a plan in the works to build its first branch in Richmond and has already hired a veteran local banker to lead the charge.

In a last ditch effort to collect on an unpaid loan, a local investment banker is trying to force the remnants of a longtime Richmond financial firm into bankruptcy.

A Northern Neck bank has staked its first sizeable claim in Richmond real estate, buying an 11,420-square-foot office building at 5501 Patterson Ave. to serve as regional base of operations.

Richmond’s biggest bank borrows from the past as it streamlines the name of its Union Bankshares holding company and plans to rebrand itself.

It’s hard to miss the fact that Essex Bank has arrived at its new headquarters.

Continuing its hot streak, a Midlothian-based bank has struck a deal to pad its coffers in a big way. And it’s adding two new branches.