Banking

There’s a new lender in town

masonMcDuffiemain

A growing California mortgage company has picked Richmond for its first East Coast operations.

Bank of Virginia grabs another rung

bauerfinancial

One local bank continued to climb its way out of the doldrums, according to ratings released this month, while another fell further.

Dunn gone

jdunn

A local loan officer recently jumped ship for another bank and took his catchphrase with him.

Foreclosure, Take 2

newkentcourthouse

Pieces of a fledgling New Kent County development that has been in and out of bankruptcy are once again on the verge of foreclosure.

Welcome to the black

A scrappy local bank had its first profitable year in 2011.

Union First prunes its branches

unionfirstmarketbankshares

The area’s biggest bank is closing four of its Virginia branches, including one in Richmond.

Local bank to be acquired in $40M deal

peoplesbanklogo

Richmond-based Peoples Bank of Virginia is being acquired by a larger competitor hungry for more deals and more branches.

The first big hurdle cleared

firstcapital

A Northern Virginia investor moved one step closer last week to being able to buy a big piece of a local bank.

Pulling back the TARP

Essex HQ

Essex Bank and its holding company Community Bankers Trust Corp. is seeking approval to once again begin making payments to the TARP Capital Purchase Program.