The region’s largest stalled development has an ambitious plan to get out of bankruptcy and pay its creditors every cent owed.
Banking
Tiny financial institution seeks merger
A 40-year-old church-based credit union has asked for permission to be absorbed into Virginia Credit Union.
Banks shuffle local ranks
The FDIC’s annual market share report reveals that some national banks are losing ground in Richmond, and smaller local banks are scooping up that cash.
Banks eye new asset: Disgruntled customers
As some of the nation’s biggest banks cut free checking, local banks and credits unions are licking their chops.
Too good to pass up
A two-year old Richmond bank is the first of its local peers to tap into a government small-business lending program.
Fifth Third Bank now competing in Richmond
An Ohio banking giant just set up shop in Richmond.
Local banks under the microscope
Central Virginia Bank is once again one of the few banks in Virginia to receive a zero rating from a firm that rates all federally insured financial institutions each quarter.
A divorcee’s default and a bank’s demise
Bankrupt socialite Patricia Kluge’s financial collapse has spread to Richmond.
Glass half full for local banks
Although more than half of the banks based in Richmond are in the red, many are on the cusp of profitability.
Local bank pays back portion of TARP
U.S. Treasury still owns tens of millions worth of shares in many local banks.
