Banking

A local bank has taken a big step toward getting out from under TARP.

With $45 million already in the bag, a local bank padded its coffers last week with an additional $5 million in fresh capital.

Richmond’s largest employer is getting a bit smaller.

While waiting to be acquired, the local bank took a step up in a first-quarter rating of all federally insured financial institutions.

A local bank is feeling flush after closing a major capital raise.

It didn’t take long for the lawyers to start sniffing around the biggest Richmond banking deal in years.

Not to be outdone by a major announcement from its largest local rival, C&F Bank and its parent company announced a deal of its own late Monday.

Union First Market Bank’s acquisition of StellarOne will create the largest community bank in the state since the days of Central Fidelity and Signet.

Richmond’s biggest bank is about to get a lot bigger, with an acquisition deal valued at about $445 million.

In the first half of fiscal 2013, SBA lenders in Virginia were busy.