Signing on the dotted line is all that stands between a Midlothian bank and its deal to be acquired later this week by a larger rival from North Carolina.
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Bank of Virginia shareholders greenlight $35M deal
A North Carolina-based bank got a vote of confidence for its pending bid to buy its way into the Richmond market.
Trading Day: Local SEC filings for 7.14.16
A local bank gets the green light from the Federal Reserve for its pending $107 million merger, plus earnings reports from CarMax and several local executives selling shares.
Trading Day: Local SEC filings for 6.30.16
A local firm releases the proxy for its pending acquisition by a North Carolina buyer, a bank director unloads some shares, and a mortgage REIT director sells hundreds of thousands of shares through a pre-approved trading plan.
N.C. buyer snatches up Bank of Virginia
The wave of bank consolidation has come ashore in Richmond once again. Midlothian-based Bank of Virginia and its parent company Cordia Bancorp announced on Friday a deal to be acquired by First Citizens Bank & Trust, one of the top 50 largest banks in the U.S. The all-cash deal, which is expected to close by… Read more »
Trading Day: Local SEC filings for 5.19.16
Earnings season continues as a local bank reports a loss, and a Goochland-based foods distributor’s stockholders offer millions of shares.
Trading Day: Local SEC filings for April 28, 2016
Dominion announces leadership appointments ahead of its Questar merger, WestRock parts ways with a specialty chemicals company, and local bank CEO pay packages are revealed.
The Pitch: Advertising and marketing news for 4.26.16
Several agencies report new hires and promotions, a Manchester design shop rebrands itself, and an Innsbrook-based firm marks 15 years with a variety of work.
Trading Day: Local SEC filings for April 7, 2016
Genworth reveals its executive pay packages, a newly appointed local bank CEO gets some stock options, and Owens & Minor picks up a new executive VP.
The Herd: New hires, promotions & departures for March 8, 2016
A bank founder and CEO steps down and into a spin-off. Plus, promotions in real estate, law, marketing and more.