Essex Bank says that it will not pay the U.S. Treasury its dividend for TARP funds this quarter and that it might close branches.
Bank of Essex
Members might bail out Federal Club
A group of members at an upscale golf club in Hanover County has started studying how to buy the club if the current owners/operators can’t rescue the business from bankruptcy protection.
Federal Club lets public tee up
A struggling upscale country club in Hanover County is open for public play, but the change in strategy might come too late to save the course.
Virginia bank acquires 4 branches in Md.
Another failed bank is just another opportunity for Tappahannock-based Bank of Essex. On Saturday, the Bank of Essex assumed operations of Suburban Federal Savings Bank in Crofton Md. after it was seized by federal regulators on Friday. The Bank of Essex, which is owned by Community Bankers Trust Corporation in Glen Allen, purchased all $312… Read more »
Bank branches out to Georgia
The Bank of Essex has assumed $600 million in deposits previously held by The Community Bank in Loganville, Ga. A Richmond-based bank has gobbled up deposits of a failed Georgia bank. Tappahannock-based Bank of Essex has assumed $600 million in deposits previously held by The Community Bank in Loganville, Ga.