The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Bank of Virginia finally gets the cash it has been waiting for, and with the funds come some leadership changes.
Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.
A Midlothian-based bank badly in need of capital is still waiting on the deal to clear a regulatory hurdle.
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 »
A local bank said last week that it expects to enter a written agreement and turnaround plan with state and federal regulators.
One of the region’s largest local banks is looking to go public.
The troubles at a local bank are preventing its parent company from paying its TARP dividend.
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.
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.