More than a dozen bank branches across the state – including two that recently opened in the Richmond market – are set to close next year as a result of the year’s biggest local banking deal.
Local bank branches on list to be closed
Union First Market Bank
Union First closes 4 branches
Outposts of the bank in Charlottesville, Fredericksburg, Port Royal and Mechanicsville have been shuttered.
Union First shuffles the lineup
Richmond’s biggest locally based bank is making some changes to its leadership.
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.
Union First prunes its branches
The area’s biggest bank is closing four of its Virginia branches, including one in Richmond.
Shifting resources
A well known local businessman is using a portion of his stake in Richmond’s biggest bank to pay down a loan on a condo project.
Union First Market Bank to exit TARP
Richmond’s biggest bank is paying $35 million to exit the federal Troubled Asset Relief Program, a move it hopes will boost its stock.
Going, going, gone
The doors to the world of two bankrupt Richmond socialites will soon open to the public as their estate is liquidated.
Pipeline: Commercial Real Estate Round up 10.14.11
Dunkin Donuts is coming to Hanover County. Plus a local bank leased 2,000 square feet in Richmond, and a specialty insurance firm is expanding at Stony Point.
Fergusons' bankrupt businesses to be sold
The business interests and commercial real estate holdings of two bankrupt Richmond socialites will be auctioned off in the coming months.