Another local bank’s CFO is resigning, and one of CarMax’s top executives is retiring. Earnings season is also in full swing.
Eastern Virginia Bankshares
More hotel purchases from an Apple REIT this week. Plus, more detail on the departure of a local bank’s CFO.
Apple REIT Ten’s hotel-buying streak shows no signs of slowing down, and a local bank’s CFO will step down in August.
It’s official – there is now a handful of struggling local banks under regulatory written agreements.
Eastern Virginia Bankshares, a holding company for EVB, said Friday that it expects to enter into a written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.
A local bank that tried last year to orchestrate a sizeable merger appears once again to be positioning itself for a transaction.
One of our biggest Herds yet, with a departure in commercial real estate and new hires in banking, real estate and IT.
Eastern Virginia Bankshares and First Capital Bancorp announced today that they plan to merge. The all-stock deal is valued at about $27 million, with First Capital common stockholders receiving .98 shares of Eastern Virginia for every share of First Capital. Both banks are publicly traded on the NASDAQ stock exchange.