An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.
Banking
Bank deal now in hands of regulators
Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.
C-ville bank increases local presence
More competition for local banks could be on its way from Charlottesville.
Fulton Bank repays TARP, M&T triples its profits
Two large out of state banks with a presence in the Richmond market made big announcements this week.
Taking the temperature of a local equity firm
A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.
For banks – size matters
A deal between a Hampton Roads bank and a struggling bank in North Carolina would shake up rankings of the state’s largest community banks.
BofVa shareholders to vote today on Cordia deal
The future direction of a local bank could be decided today at a Holiday Inn.
Consider this a warning
In the midst of planning a stock offering to raise sorely needed capital, a local bank received notice from Nasdaq that the value of its shares has been too low for too long.
Third local bank signs agreement with regulators
The recession forces another bank into a turnaround agreement.
Bank closes a branch, readies capital campaign
As it works its way through a turnaround plan with regulators, a Richmond-based bank closes one of its two branches.