Keeping its foot on the accelerator after announcing its latest acquisition, a Richmond-based bank this month unveiled a new branch in Chesterfield County and sold a shuttered location to a competitor in Wahoo country.
Banking
Majority investor increases stake in Village Bank
A local bank’s largest shareholder has tightened his grip on the company.
Buyers bag Broad St. bank branches for $6M
Two freestanding bank buildings along West Broad Street each fetched seven-figure sales prices in recent weeks.
Local bank hits 10-figure milestone
The Richmond market is home to yet another $1 billion bank.
Former Union Bank CEO back in the game
Billy Beale has stepped back into a chief executive role – this time to help right the ship at a struggling Midlothian-based institution.
Wells Fargo, BB&T lose ground in Richmond deposit battle
The big four still dominate the chase for deposit dollars in the region, but one locally-based player is nipping at their heels.
C&F goes back for seconds in C-ville
A local bank is expanding its branch presence in Charlottesville beyond the city’s Downtown Mall, with a second outpost in the works and a third likely at some point.
$610M deal bolsters Union’s goal of becoming ‘Virginia’s bank’
Richmond’s Union Bank & Trust last week announced a deal that will give it its first significant piece of the Northern Virginia market, paving the way for it to become the dominant statewide bank in the commonwealth.
Breaking News: Union Bank strikes $610M deal for greater push into NoVA
Richmond’s Union Bank & Trust has hit the accelerator once again with yet another acquisition, this time making a play for its first significant piece of the Northern Virginia market. The $13 billion downtown-based bank announced a deal this morning to acquire Access National Bancorp out of Reston in an all stock transaction valued at… Read more »
Henrico-based bank aims for sixth branch in Maryland
On the heels of opening a new branch in Chesterfield County, a local bank is continuing its run of expansion with yet another outpost planned in Maryland.