Another bank with local ties has taken advantage of an unexpected chance to buy its way out of TARP on the cheap.
Bank bids on its own TARP shares
Consolidated Bank & Trust
Local bank’s parent can resume its TARP payments
A West Virginia company’s plan to rebrand a Richmond bank is paying dividends for the federal government.
EVB signs written agreement with regulators
It’s official – there is now a handful of struggling local banks under regulatory written agreements.
Local bank’s parent again misses TARP payment
The recent troubles of a Richmond bank are once again preventing a West Virginia holding company from paying a dividend to one of its most powerful shareholders – the federal government.
Famous name is a step closer to becoming a footnote
The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Bank’s troubles haunt new owner
Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.
A Legacy on the Line
When Maggie L. Walker founded St. Luke Penny Savings in Richmond 106 years ago, she became the first female bank president in the country. The institution survives today as Consolidated Bank and Trust, but a proposed merger with an out-of-state holding company threatens the historical namesake.