A state examiner has recommended that Virginia Credit Union be allowed to offer membership to the Medical Society of Virginia.
Banks vs. VACU legal dispute slogs on
Banking
NoVa-based Burke & Herbert Bank makes its move into Richmond
As part of a continued expansion beyond its home market, the $3 billion bank has lured over a group of seasoned Richmond bankers to grow its presence in the region.
Wells Fargo closing two more Richmond branches
The national bank will have 50 locations remaining in the region, down from 65 branches 10 years ago.
Truist Bank shutters more local branches as BB&T-SunTrust merger continues
The bank will be down to 48 retail branches around metro Richmond, compared to 71 when the merger first took place, but no job losses are expected.
Local bank completes $10M capital raise
CEO James Black said Touchstone Bank will use the money to hire more employees as it grows in both the Richmond region and North Carolina.
On the money: Richmond area banking news recap for 2021
Mergers and acquisitions by financial institutions had ripple effects, including layoffs, branch closures and office shuffling.
Essex Bank branches now United Bank
The deal to acquire the Henrico-based bank, which has $1.7 billion in assets and nearly two dozen locations, was completed Friday.
TowneBank wants to take over former BB&T branch in Short Pump
The $16 billion Hampton Roads-based bank has applied for permission to operate at 11704 W. Broad St.
Essex Bank laying off dozens as part of merger with United Bank
Those being laid off include the Henrico-based bank’s CFO, COO and other upper-level executives, in addition to back office positions.
Banking giant Wells Fargo closes West Broad Village branch
Despite its Short Pump location, the branch was among the bank’s smallest branches in the region in terms of deposits.