Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Coronavirus 2020
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read the issue
    • Order a copy
    • Buy an award plaque
    • Nominate execs for 2021

Advertisement

Header Primary Menu

  • Issues
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • Issues Archive
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Coronavirus 2020
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read the issue
    • Order a copy
    • Buy an award plaque
    • Nominate execs for 2021

Home News Industries Banking/Finances Cardinal Financial Corp. gets regulatory approvals for Business Bank acquisition

Cardinal Financial Corp. gets regulatory approvals for Business Bank acquisition

Published January 6, 2014 by Paula C. Squires

Cardinal Financial Corp. in Tysons Corner announced Monday that it has received regulatory approvals from the Federal Reserve Bank of Richmond and the State Corporation Commission (SCC) in Virginia for its $51.7 million acquisition of United Financial Banking Companies Inc., the holding company for The Business Bank (TBB) in Vienna. 

Cardinal also reported that its wholly owned bank subsidiary, Cardinal Bank, received regulatory approvals from the Federal Deposit Insurance Corp. and the SCC for the merger of TBB into Cardinal Bank.

United Financial shareholders approved the merger of UFBC in December 2013. Cardinal Financial has scheduled the closing of the acquisition by the close of business on Jan. 15. The merger of TBB into Cardinal Bank’s operations is expected to occur in early March. 

Cardinal Financial Corp., a financial holding company with assets of $2.8 billion, serves the Washington metropolitan region through Cardinal Bank, which has 29 banking offices. Cardinal also operates George Mason Mortgage LLC and Cardinal Wealth Services.

The Business Bank has eight branches in Northern Virginia and more than $330 million in assets.

Related Stories

Virginia Business logo

Bank stock sale proceeds higher than expected

Virginia Business logo

Capital One completes sale of Best Buy credit-card accounts

Virginia Business logo

Cardinal Financial completes acquisition of The Business Bank’s parent company

Trending

Norfolk’s MacArthur Center may meet the wrecking ball

Heavy hitters

Virginia State Capitol. Photo by Conor Lobb, VCU Capital News Service

UPDATED: Va. becomes 2nd state with consumer data protection law

The Virginia Executive Mansion will be occupied by a new (or possibly returning) governor in January 2022. Photo by Kira Jenkins

Election 2021: Who’s running for governor?

University of Richmond names new president

Sponsored Stories

Supply Chains After a Year of Disruptions

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

The Hottest Topic in 2021: Keeping People Connected

Advertisement

Advertisement

Trending

Norfolk’s MacArthur Center may meet the wrecking ball

Heavy hitters

Virginia State Capitol. Photo by Conor Lobb, VCU Capital News Service

UPDATED: Va. becomes 2nd state with consumer data protection law

The Virginia Executive Mansion will be occupied by a new (or possibly returning) governor in January 2022. Photo by Kira Jenkins

Election 2021: Who’s running for governor?

University of Richmond names new president

Sponsored Stories

Supply Chains After a Year of Disruptions

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

The Hottest Topic in 2021: Keeping People Connected

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2021 Virginia Business. All rights reserved.

Site Maintained by TechArk