Banking

Just over a year after expanding in Richmond via acquisition, a Raleigh-based bank once again is looking to increase its local presence.

The Richmond-based investment firm has landed a group of veteran local financial advisors from one of the giants of the industry.

The biggest local bank deal in recent memory has cleared its last big hurdle, while an out-of-town bank is officially open for business in Richmond.

The Richmond bank has lured a former SunTrust and Monarch Bank executive out of retirement to lead its first push into Hampton Roads.

A pair of acquisitions that will further change the face of the Richmond banking market are a step closer to the closing table.

Despite fewer banks and fewer branches, the local banking scene had a spike in deposits pouring in over the last 12 months.

The first piece of a new 7-acre, Luck Cos.-led development called Stoneridge got underway last week.

Armed with the recently departed CEO of New Horizon Bank, an out-of-town player has staked a claim in the Powhatan banking market.

After hiring a Richmond marketing firm and going through dozens of names, two Virginia financial institutions have settled on their new moniker.