A Northern Virginia investor moved one step closer last week to being able to buy a big piece of a local bank.
The first big hurdle cleared
Banking
Pulling back the TARP
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.
Tetra auction doesn’t attract buyers
Village Bank took back more than 40 acres left undeveloped by a now dissolved development company.
Village Bank enters written agreement
The Midlothian-based bank has struggled over the past couple of years to deal with tens of millions of dollars worth of bad loans and foreclosed properties.
Shifting resources
A well known local businessman is using a portion of his stake in Richmond’s biggest bank to pay down a loan on a condo project.
The county line is no longer the bottom line
A local credit union got the green light from regulators last month to open itself up for a potential huge expansion.
Fergusons’ biggest creditor sues them
EVB becomes the third bank to file suit against a formerly wealthy Richmond couple for exaggerating their net worth when seeking loans.
Roseland gets down to the nitty-gritty
The developer and lenders of a bankrupt 1,300-acre Midlothian development are headed into mediation.
A $9.8 million ace in the hole
A Northern Virginia investor wants to buy a chunk of a local bank and give it a shot of fresh cash.
Central Virginia Bank gets a little luster back
The local bank managed to work its way a step up out of the cellar during the third quarter, according to ratings released last week.