Banking

Bank to finally free itself of TARP

evb ftd

After a $20 million bond offering, a local bank plans to finally rid itself of its TARP baggage with a 9,000-share buyback.

Police, fire credit unions seal merger

Richmond police officers and firefighters have joined forces financially in a merger that combines the departments’ credit unions.

Large bank climbs to top of quarterly ratings

union hq

A major Richmond bank has been boosted up to the best possible rating by Florida firm Bauer financial, which evaluates banks’ performance each quarter.

Bank gets green light for second local branch

StellarOne Robious Road Lancaster ftd

A Northern Neck bank that recently opened on Patterson Avenue is finishing up the conversion of another former StellarOne branch and plans to open at the end of the month.

Bank launches $14 million raise

A local bank has kicked off its large-scale turnaround plan with a stock offering aimed first at current shareholders, while a Northern Virginia investor waits in the wings.

Bank returns to former name

union hq

Richmond’s biggest community bank has finally shed its 2010 post-merger namesake and has reclaimed the brand it went by in its early years.

Banking vet leads firm’s Richmond debut

Gary Penrose ftd

The former head of Davenport’s financial institutions group has jumped ship to lead a Chicago-based firm’s first push into the Richmond market.