A Northern Virginia investor moved one step closer last week to being able to buy a big piece of a local bank.
The first big hurdle cleared
Joe Face
Bank’s troubles haunt new owner
Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.
Virginia Business Bank tries to break out of holding pattern
After almost eight months of operating under a strict regulatory turnaround/survival plan and having moved on to its third president since the fall, a Richmond-based bank has rethought its plan and might reinvent itself if it can secure a fresh round of capital.
Local bank files plan with regulators
According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management review and develop a strategic plan to improve the bank’s earnings and budget for 2010.