Banking

After long slog, bank has cause to celebrate

Essex Bank branch

A Glen Allen bank has gotten a monkey off its back, becoming the first local financial institution to work its way out of a written agreement with regulators.

Markel sells slice of stock in a major bank

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The West End-based specialty insurer made five transactions over a few weeks last month to reduce its holdings of Union First Market Bank.

Bank gives up on stalled development

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Colonial Virginia Bank decides not to ride out the storm at New Kent Courthouse Village, a 21-acre mixed-use development that has been in and out of bankruptcy and foreclosure.

Firm gets on its feet

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One of Richmond’s newest investment banking firms can celebrate its first official deal.

EVB’s real estate choices

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After pulling the plug last month on one of its under-performing branches, the local bank is building a new location from scratch.

Big banks? Count ’em on one hand.

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Banks operating in the Richmond market added $6.3 billion in new deposits over the past year, according to the annual deposit market share report released last week by the FDIC, but the Big 5 still rule.

A new stat to track

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C&F Bank is offering a certificate of a deposit with a rate of return that goes up each time the William and Mary football team wins.

New branch set to sprout

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An out-of-town bank has the green light from regulators to build a branch near a proposed retail development in Chesterfield County.

Second-quarter bank ratings released

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For the second consecutive quarter, a local bank is among the lowest rated in the state, according to rating released this week.