In the midst of negotiating a $700 million deal to be acquired by one of its larger Richmond-based peers, the local bank also was doing some branch trimming.
For at least the third time in as many weeks, a regional merger is shaking up the banking ranks in Richmond and across the state.
A $230 million bank whose seven-branch territory ranges from Dinwiddie to Chesterfield last month acquired a new headquarters building in Prince George.
The transaction will create a $40 billion Southeast banking behemoth and bring a new brand to the local market.
Fresh off being absorbed in a $233 million deal, the Northern Virginia bank is trimming its branch count in Richmond.
The fallout from a mega-grocery deal once again has left a local bank doing the branch shuffle.
Two major players in the Richmond banking market are making moves, one to bring a new bank brand to town and another to shake up the rankings of the largest community banks in the state.
The financial giant has exited a Northside Richmond neighborhood, leaving its real estate — and the banking market in that part of town — up for grabs.
The institution is developing programs for Amazon Echo devices that allow readers to check branch wait times and up-to-date interest rates.
The deal, valued around $29 million, created a combined $800 million institution that is relocating its combined headquarters to Richmond’s West End.