A struggling local bank has been given 90 days to raise capital or find an acquirer or merger partner.
Banking
A stellar deal for some
A local bank that has been battling losses from souring loans announced late Tuesday that it is closing one of its branches and selling the deposits of that branch to a competitor.
Central Virginia Bank names new CEO
But the $423 million bank’s choice won’t surprise close observers.
Another local bank is under an agreement with regulators
A local bank is the fifth to be put under a written agreement with regulators in hopes of stemming the damage caused by millions in souring loans.
Union First goes west
Richmond’s biggest bank is expanding again.
Franklin Federal can almost taste it
With cash from a planned IPO, sleepy Franklin Federal Savings Bank might look for acquisitions in its bid to become more like a regular bank. And as part of the IPO process, the company revealed how much it paid its CEO.
‘It’s going to be a challenge’
Jack Zoeller spoke with BizSense during his first of couple days at his new job as CEO of Bank of Virginia.
Famous name is a step closer to becoming a footnote
The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Bank deal finally closes
Bank of Virginia finally gets the cash it has been waiting for, and with the funds come some leadership changes.
Room to improve
Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.