Banking

Franklin Federal can almost taste it

With cash from a planned IPO, sleepy Franklin Federal Savings Bank might look for acquisitions in its bid to become more like a regular bank. And as part of the IPO process, the company revealed how much it paid its CEO.

Bank deal finally closes

Bank of Virginia finally gets the cash it has been waiting for, and with the funds come some leadership changes.

Room to improve

Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.

The waiting game

A Midlothian-based bank badly in need of capital is still waiting on the deal to clear a regulatory hurdle.

Capital One job shuffle is hard on the Big Easy

Richmond rejoiced upon hearing that Capital One would bring 700 jobs to a consolidated operations center in Innsbrook. The company also announced it would add 300 jobs throughout the state by the end of 2011. The city of New Orleans isn’t so lucky. The McLean-based bank has notified 100 workers at an office there that… Read more »