Apple REIT Ten’s hotel-buying streak shows no signs of slowing down, and a local bank’s CFO will step down in August.
Community Bankers Trust Corp
Trading Day: Inside the SEC filings for 6.2.2011
There’s plenty of shuffling this week in the executive ranks of local public companies, including CarMax, Media General and local banks. Markel discloses that it has some acquisitions in the works. And a Midlothian videogame maker gets a reprieve on some of its defaulted debt, using one of its games as collateral.
Essex Bank enters agreement with regulators
Written agreements lay out steps banks must take to improve their financial situations. In the case of Essex and CBTC, improvements were aimed at getting a handle on all its problem loans and doing a better job of vetting potential borrowers and identifying potential problem loans in the future.
Local bank names new CEO
The former CEO of the now non-existent Bank of Richmond is back at the helm of a local community bank.
EVB signs written agreement with regulators
It’s official – there is now a handful of struggling local banks under regulatory written agreements.
Bank CEO steps down, cuts coming
A Glen Allen-based bank said late Thursday its CEO stepped down effective immediately and that it is cutting 10 percent of its workforce.
Making bank, plus a bonus
Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.
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.