“We perceive this as Atlantic Union graduating to the next level up,” CEO John Asbury said of the transfer, which is set to take place Jan. 18.
Atlantic Union to move from Nasdaq to NYSE
Banking
On the money: Richmond banking industry recap for 2022
A long-fought bank vs. credit union battle came to an end this year, while out-of-town continued to show up for a piece of the Richmond market.
Hampton’s Old Point National Bank sizes up in Henrico
The bank first expanded into the Richmond market in August 2020 with a two-person team. It now has seven on the ground here and just leased a bigger office in Henrico.
Fast-growing M&A firm buys new HQ near Innsbrook
“It’s a good first office purchase,” said Aaron Kroll, co-founder of Sterling Point Advisors, which is keeping its momentum going with the office purchase.
Burke & Herbert Bank inks deal for first Richmond-area branch
The Northern Virginia-based bank is taking over a former SunTrust branch at the intersection of Robious and Huguenot roads in Chesterfield.
Local bank advisory firm raises $12M to expand software push
“There’s always risk in expansion but because the banking markets are planning for a recession, they invest more in risk management tools in a down market. So, we’re counter-cyclical in that the worse the economy gets, the more they need us,” said Michael Glotz.
Changing of the guard set for downtown investment banking firm
Matrix Capital Markets Group will have a new president at year’s end and also recently hired its first ever COO.
Planned 8-story Arts District apartment building gets first city approval
The city’s Commission of Architectural Review greenlit Bank Street Advisors’ design. Virginia Credit Union’s plan for an ATM at a forthcoming branch up the street also got a thumbs up.
VACU to add Arts District branch in former Bistro 27 space
The region’s largest credit union continues its push for increased visibility with a new downtown location that will follow new spots in Carytown and Scott’s Addition.
Wells Fargo closing Southside branch on Belt Boulevard
The banking giant has also put locations in the West End, Chester and Short Pump on the chopping block in the last 12 months.