Banking

Wells Fargo trims another local branch

Continuing a trend it began in 2017, a big national bank is further shrinking its physical presence in the Richmond market.

2018 Richmond banking news recap: Union’s rise continues, South State arrives

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A local bank’s star is on the rise, a South Carolina-based competitor makes a big splash in the Richmond area and a national banking giant establishes its first local presence. Plenty of executive shuffling and branch openings this year.

Downtown-based Union Bank & Trust began and ended the year in acquisition mode.

‘They lured me back into the fray’

Nearly two years after his last employer was acquired by an out-of-town competitor, a veteran local banking executive has come off the sidelines to help a Northern Virginia-based bank continue its push into the Richmond market.

Local bank opens new branch in Chester, sells one in Cville

Keeping its foot on the accelerator after announcing its latest acquisition, a Richmond-based bank this month unveiled a new branch in Chesterfield County and sold a shuttered location to a competitor in Wahoo country.

Former Union Bank CEO back in the game

Billy Beale has stepped back into a chief executive role – this time to help right the ship at a struggling Midlothian-based institution.