David Fairchild

Banking’s new world order

Despite some advantages, Richmond-based Xenith Bank isn’t tying itself to any outdated promises of profitability.

First Market Bank gets $34 million in bailout money

Richmond-based First Market Bank might be in the mood for granting more loans after receiving a $34 million loan from the federal government. On Tuesday, the U.S. Treasury announced it provided 28 banks with $238.6 million as part of the Capital Purchase Program, which is intended to increase lending among healthy banks. First Market Bank,… Read more »