First Community Bank just sealed a deal to acquire the Richmond bank for $40.6 million, and its CEO is still looking to grow.
Peoples Bank’s flag comes down
Peoples Bank of Virginia
Bank of Virginia grabs another rung
One local bank continued to climb its way out of the doldrums, according to ratings released this month, while another fell further.
Local bank to be acquired in $40M deal
Richmond-based Peoples Bank of Virginia is being acquired by a larger competitor hungry for more deals and more branches.
‘They hit a brick wall’
Condrey Construction, which thrived during the housing boom by building high-end homes, files bankruptcy.
More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.