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Credit unions look to legislators for expansion
Credit unions in Virginia would like to grow their membership, but a rule change relaxing the state’s policy is not in the cards this spring. This year’s short General Assembly
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State’s oldest bank to trade on Nasdaq
Published
In 1858, the Mount Vernon Ladies’ Association bought George Washington’s former home, seeking to preserve the historic estate for a country on the brink of civil war. A key player
Atlantic Union Bank names CIO
Matt Linderman was chief technology officer for PNC
Published
Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC
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Report: Capital One cuts 1,100 jobs
Fortune 500 bank eliminated "agile" positions
Published
According to a report Friday in Bloomberg, McLean-based Capital One Financial Corp. eliminated more than 1,100 technology positions this week. The McLean-based Fortune 500 banking company confirmed in a statement
TowneBank completes Farmers Bank acquisition
Deal closed on Jan. 13
Published
Suffolk-based TowneBank has completed its acquisition of Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, TowneBank announced Tuesday. The $56 million deal created a combined company worth $17.5
Barkin: Inflation improving but not yet low enough
Richmond Fed chief says target is 2%
Published
With inflation decreasing but still not at its 2% target, the Federal Reserve still needs “to stay on the case,” Federal Reserve Bank of Richmond President and CEO Tom Barkin
Atlantic Union transferring stock listing to NYSE
Richmond bank switching from Nasdaq
Published
Atlantic Union Bankshares Corp., the Richmond-based holding company for Atlantic Union Bank, announced Friday it is transferring the listing of its common stock and depositary shares from the Nasdaq to
TowneBank promotes HR chief to COO
R. Lee Clark was bank's chief human resources officer
Published
TowneBank has promoted R. Lee Clark from chief human resources officer to chief operating officer, the Suffolk-based bank announced Thursday. In this role, Clark will continue to oversee human resources
Burke & Herbert Bank holding company elects new chair
President and CEO David P. Boyle assumes role Jan. 1
Published
Burke & Herbert Financial Services Corp. announced that President and CEO David P. Boyle will be chair of the board effective Jan. 1, 2023, the Alexandria-based holding company for Burke
U.Va. credit union names new COO
Belinda Tucker was senior VP at MainStreet Bank
Published
The University of Virginia Community Credit Union in Charlottesville has named Belinda Tucker as chief operating officer, the institution announced Monday. Tucker will report directly to Susan Gruber, the credit