The Northern Virginia-based bank is taking over a former SunTrust branch at the intersection of Robious and Huguenot roads in Chesterfield.
Banking
Local bank advisory firm raises $12M to expand software push
“There’s always risk in expansion but because the banking markets are planning for a recession, they invest more in risk management tools in a down market. So, we’re counter-cyclical in that the worse the economy gets, the more they need us,” said Michael Glotz.
Changing of the guard set for downtown investment banking firm
Matrix Capital Markets Group will have a new president at year’s end and also recently hired its first ever COO.
Planned 8-story Arts District apartment building gets first city approval
The city’s Commission of Architectural Review greenlit Bank Street Advisors’ design. Virginia Credit Union’s plan for an ATM at a forthcoming branch up the street also got a thumbs up.
VACU to add Arts District branch in former Bistro 27 space
The region’s largest credit union continues its push for increased visibility with a new downtown location that will follow new spots in Carytown and Scott’s Addition.
Wells Fargo closing Southside branch on Belt Boulevard
The banking giant has also put locations in the West End, Chester and Short Pump on the chopping block in the last 12 months.
Midlothian investment firm sues Va. Beach competitor in trademark dispute
Is the name Virginia Asset Group confusingly similar to Virginia Asset Management? The latter’s federal trademark lawsuit seeks to answer that question.
Mortgage lender opens office in the Fan after move from Willow Lawn
NFM Lending has two teams that share the new office on West Main Street, a building that had been part of the Eck family real estate portfolio.
Live Well Financial trustee questions Hilds’ efforts to sell assets
The trustee overseeing the bankruptcy of Michael Hild’s collapsed mortgage company is suspicious.
Romano trial begins: ‘Richmond famous’ vs. ‘rich and famous’
Former local house-flipper Josh Romano is facing charges that he conspired to commit bank fraud and committed wire fraud against one of his former lenders.