Hampered by high levels of souring loans, the $600 million Midlothian-based bank said this week that it expects to enter into a consent order with the FDIC. And the bank is looking to sell its 80,000-square-foot headquarters building and close one of its branches in January.
Middleburg Bank opened its first local branch last week.
The former head of Bank of Virginia is back in the game — this time at a Kilmarnock bank that just set up shop in Richmond.
The region’s largest stalled development has an ambitious plan to get out of bankruptcy and pay its creditors every cent owed.
A 40-year-old church-based credit union has asked for permission to be absorbed into Virginia Credit Union.
The FDIC’s annual market share report reveals that some national banks are losing ground in Richmond, and smaller local banks are scooping up that cash.
As some of the nation’s biggest banks cut free checking, local banks and credits unions are licking their chops.
A two-year old Richmond bank is the first of its local peers to tap into a government small-business lending program.
An Ohio banking giant just set up shop in Richmond.
Central Virginia Bank is once again one of the few banks in Virginia to receive a zero rating from a firm that rates all federally insured financial institutions each quarter.