Banking

Richmond’s biggest bank will pass the torch of its mortgage origination to a Chicago-based lender with a larger operation.

Continuing what’s become an annual tradition, a young financial services company has capped off yet another big capital raise.

A cancer diagnosis has forced John Stallings to step back and Richmond’s biggest bank to search for a replacement.

Making good on its previously stated plan to expand farther into Hampton Roads, a locally based bank has found a spot for its first location in Virginia Beach.

Richmond’s biggest bank is adding to its local branch count with a new storefront it hopes to open late this year.

For the second time in two years, there’s a new flag outside a certain octet of metro-area bank branches.

He will be succeeded by Tom Cherry, who for years has been groomed by the West Point-based bank to take over its top seat.

The bank’s sights are set on Midlothian for its third local branch closure in about a year.

Bob Aston, who has led the Hampton Roads-based bank since its founding in 1998, has relinquished the role to its longtime president.

Less than two weeks after sealing a similar deal in Roanoke, the Richmond bank continues its climb in the wealth management business.