Xenith will close Paragon’s Henrico office and is still working out which staff will come onboard.
Banking
‘We’ve got a heck of a lot of it behind us’
The first quarter financials are in, and Richmond’s local banks are slowly regaining their health.
Bank endures another rough quarter
Already battered and under pressure from regulators to raise capital or find a buyer, Virginia Business Bank continued to struggle in the first three months of the year.
M&T gets green light for acquisition, will repay TARP
M&T Bank is on the move again, this time with a big buyout in Delaware and a plan to pay off more than $700 million in TARP funds.
Essex Bank enters agreement with regulators
Written agreements lay out steps banks must take to improve their financial situations. In the case of Essex and CBTC, improvements were aimed at getting a handle on all its problem loans and doing a better job of vetting potential borrowers and identifying potential problem loans in the future.
New bank makes its Richmond premier
Premier Bank has finally arrived in Richmond. And now Darius Johnson has to think twice when he answers the phone.
The stagecoach rolls forward
Wells Fargo is starting the process of rebranding local Wachovia branches.
Bank of Virginia realigns
The Midlothian-based bank isn’t wasting any time in trimming a bit of fat.
That new bank smell
Richmond’s biggest local bank recently opened its newest branch, which, in a break from recent trends, was built from scratch.
‘You can’t get any financing’
Part of a massive mixed-use development in Ashland tied to one of the area’s largest real estate developers is going into foreclosure and will be auctioned off this month.