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
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.
Dunn gone
A local loan officer recently jumped ship for another bank and took his catchphrase with him.
Tetra auction doesn’t attract buyers
Village Bank took back more than 40 acres left undeveloped by a now dissolved development company.
The Herd: New hires, promotions and departures for 7.19.11
Departures in banking this week. Hirings in law, technology, marketing and elsewhere. Plus a new assistant coach and a new rabbi at local universities.
SBA loan volume snapshot
Small businesses around the state borrowed $149.78 million worth of SBA loans from Oct. 1 through May 31.
‘They hit a brick wall’
Condrey Construction, which thrived during the housing boom by building high-end homes, files bankruptcy.
Room to improve
Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.
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.
Two local banks get lowest rating
Two local banks were among the lowest-rated financial institutions in the state, according to bank and credit union ratings released last week. But both banks are trying hard to fix the situation ASAP.