For the second time this month, an out-of-town bank is looking to unload one of its local branches.
Banking
Local bank’s parent can resume its TARP payments
A West Virginia company’s plan to rebrand a Richmond bank is paying dividends for the federal government.
On to Richmond
One of the biggest banks in the state has been quietly increasing its presence in Richmond and has plans for taking market share.
Another shoe drops at Roseland
The company that owns a majority of the 1,300-acre Roseland development in Chesterfield filed for Chapter 11 bankruptcy protection Friday.
Xenith Bank to buy Paragon branch
Xenith will close Paragon’s Henrico office and is still working out which staff will come onboard.
‘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.