Richmond’s biggest bank is adding to its local branch count with a new storefront it hopes to open late this year.
For the second time in two years, there’s a new flag outside a certain octet of metro-area bank branches.
He will be succeeded by Tom Cherry, who for years has been groomed by the West Point-based bank to take over its top seat.
The bank’s sights are set on Midlothian for its third local branch closure in about a year.
Bob Aston, who has led the Hampton Roads-based bank since its founding in 1998, has relinquished the role to its longtime president.
Less than two weeks after sealing a similar deal in Roanoke, the Richmond bank continues its climb in the wealth management business.
A $380 billion institution is installing its first office presence in the area, taking on new space downtown in the process.
The Henrico-based bank is moving out of one of its earliest legacy branches in Tappahannock, ending a 92-year run at that location.
With its new branch under construction up the road, a local bank has found a new, separate home for its back office and dipped its toe into residential mortgage lending.
A local bank is buying back the last lingering pieces left over from a recession-era stimulus plan – and saving a few shekels in the process.