Tom Winfree

Double-whammy for Village Bank

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.

Village Bank to enter regulatory agreement

Hampered by high levels of souring loans, the $600 million Midlothian-based bank said this week that it expects to enter into a consent order with the FDIC. And the bank is looking to sell its 80,000-square-foot headquarters building and close one of its branches in January.

‘They hit a brick wall’

Condrey Construction, which thrived during the housing boom by building high-end homes, files bankruptcy.