Banking

Local banks’ recent ratings are a mixed bag

The Village Bank headquarters on Midlothian Turnpike. (Courtesy of CBRE)

Village Bank improved its standing in the fourth quarter, according to a firm that rates all federally insured financial institutions, after being among the lowest rated banks in the state for several periods. But another local bank took a step backward.

Markel makes $9.5 million cash withdrawal

Union First Market Bank headquarters

The local insurer, which is in the midst of a $3 billion acquisition, continues to unload its stake in Richmond’s biggest bank.