After announcing its intentions last month to raise $20 million in capital and undergo a fundamental shift in strategy, a troubled bank says it is now considering other options. And the future of its head is in question.
Scott Harvard
Virginia Business Bank hits the reset button
But the ambitious plan requires the bank to raise $20 million and the lifting of a regulatory agreement. The bank seeks to pick up retail customers on the Eastern Shore.
Monday Q&A: Can he help turn around Virginia Business Bank?
Scott Harvard, a Richmond native and veteran of the Virginia banking industry, has returned to his hometown to help a bank that is trying to reinvent itself.