Nearly 10 years after buying into the Richmond market, the Hampton Roads-based bank finally has the visibility it has sought in Short Pump.
TowneBank makes Short Pump debut
Banking
Virginia Credit Union to open branch in Shockoe’s Berkeley Hotel
It would be the fifth outpost VACU has opened in Richmond since 2022, when it set out on an aggressive expansion plan within the city limits.
Atlantic Union to cut 4 percent of staff, consolidate office space as part of cost cutting measures
Richmond’s biggest bank is trimming its employee count and eliminating some of its downtown office space as it looks to keep expenses in check in the face of steady revenue but rising interest rates.
Veteran banker Billy Beale comes out of retirement to lead Blue Ridge Bank
Banking apparently beckons Billy Beale. The veteran Richmond banker, who first retired as CEO of what’s now Atlantic Union Bank in 2016 only to un-retire for a brief gig at Community Bankers’ Bank in 2018, has un-retired once again. This time he’s back to take the helm of Blue Ridge Bank, which is based in… Read more »
‘Undeniably the biggest challenge’: Richmond developers reckon with rising interest rates
The spike in loan rates that began in 2022 has prompted some real estate developers to rethink their math, leading some to delay construction on previously announced projects in the Richmond region or, in some cases, to put project sites back up for sale.
N.C.-based Southern Bank makes first push into Richmond market
Amid tumult in the broader banking market, Richmond-area banks are getting a new competitor.
Longtime Innsbrook bank branch to close
The branch was built in the 1990s as an outpost of Dominion Bank of Richmond and has since been home to First Union Bank, Wachovia and Wells Fargo.
Bank of America eyes new from-scratch branch across from Willow Lawn
The banking giant would purchase and raze the long-vacant former Hardee’s building, which sits across from competitor Chase Bank’s Willow Lawn outpost.
Next stop in Virginia Credit Union’s city expansion plan: Church Hill
The branch next to the Market @ 25th grocery store will mark the $5 billion credit union’s fourth new branch in the city in about a year.
Pennsylvania bank latest to bring branch to Scott’s Addition
The neighborhood continues its streak as the local hotspot for new bank branches, this time with a $26 billion bank looking to set up shop along Broad Street.