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 »

More dough, but a smaller piece of the pie

An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.

Va. Business Bank starts on Plan C

After announcing its intentions last month to raise $20 million in capital and undergo a fundamental shift in strategy, a troubled bank says it is now considering other options. And the future of its head is in question.