Another bank with local ties has taken advantage of an unexpected chance to buy its way out of TARP on the cheap.
Bank bids on its own TARP shares
TARP
Too good to pass up
A two-year old Richmond bank is the first of its local peers to tap into a government small-business lending program.
Local bank pays back portion of TARP
U.S. Treasury still owns tens of millions worth of shares in many local banks.
EVB signs written agreement with regulators
It’s official – there is now a handful of struggling local banks under regulatory written agreements.
Local bank’s parent again misses TARP payment
The recent troubles of a Richmond bank are once again preventing a West Virginia holding company from paying a dividend to one of its most powerful shareholders – the federal government.
Three years for bank to become profitable
Pour a round of the good stuff. After three years in operation, Virginia Business Bank recorded its first quarterly profit in this year’s first quarter.
First Market Bank gets $34 million in bailout money
Richmond-based First Market Bank might be in the mood for granting more loans after receiving a $34 million loan from the federal government. On Tuesday, the U.S. Treasury announced it provided 28 banks with $238.6 million as part of the Capital Purchase Program, which is intended to increase lending among healthy banks. First Market Bank,… Read more »
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 »