Although Village Bank was hit with a consent order in February, its Midlothian-based holding company is now facing a written agreement of its own.
FDIC
Local bank seized by regulators
Virginia Business Bank failed Friday and was seized and shut down by regulators, making it the third Virginia bank to fail since the recession began. Its assets were purchased by another local bank that’s gone on a buying spree lately.
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 »