It’s official – there is now a handful of struggling local banks under regulatory written agreements.
Banking
Local bank’s parent again misses TARP payment
The recent troubles of a Richmond bank are once again preventing a West Virginia holding company from paying a dividend to one of its most powerful shareholders – the federal government.
Eastern Virginia Bankshares to enter agreement
Eastern Virginia Bankshares, a holding company for EVB, said Friday that it expects to enter into a written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.
It’s not your average bank
Community Capital Bank of Virginia follows a model that’s rare in the U.S. banking system, and it’s adding a branch in Richmond.
Countdown is on for VBB
A struggling local bank has been given 90 days to raise capital or find an acquirer or merger partner.
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.