The continued coupling of Virginia banks knows no bounds, as yet another deal will reshape the Richmond market.
Banking
Richmond banks make moves in Nelson County, Va. Beach
In the midst of their pending $700 million marriage, two local banks are each closing deals at opposite ends of the state.
Bank shutters downtown branch
A national banking giant has slimmed down its presence in downtown Richmond after closing an outpost in the Wytestone Plaza building.
Xenith prunes two branches ahead of Union deal
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.
Union, Xenith the latest banks to get hitched
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.
Local bank buys new HQ for $1.7M
A $230 million bank whose seven-branch territory ranges from Dinwiddie to Chesterfield last month acquired a new headquarters building in Prince George.
$2B banking deal will ripple into Richmond
The transaction will create a $40 billion Southeast banking behemoth and bring a new brand to the local market.
Middleburg closing Libbie Ave. outpost after merger
Fresh off being absorbed in a $233 million deal, the Northern Virginia bank is trimming its branch count in Richmond.
Union to vacate last of in-store Martin’s branches
The fallout from a mega-grocery deal once again has left a local bank doing the branch shuffle.
TowneBank, Park Sterling keep M&A action rolling
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.