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Reston-based Bowman Consulting Group raises $51.7M in IPO
Stock fluctuated between $12 and $15 Tuesday
Reston-based civil engineering company Bowman Consulting Group Ltd. has raised $51.73 million in its initial public offering that closed Tuesday, selling 3.69 million shares at $14 a share since Friday. Sold under the symbol BWMN on the Nasdaq Global Market, shares traded between $12.60 and $14.90 as of Tuesday afternoon. After closing its sale of
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Business bank opens in Virginia Beach
Integrity Bank for Business is Hampton Roads' first new community bank since 1998
Published
Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in Hampton Roads since 1998, it received regulatory approval last month. In January it announced that it raised more than $20 million in stock purchase commitments.
Two Virginia companies make 2021 LinkedIn Top Companies list
Northrop Grumman, Capital One lauded for workplace support
Published
Virginia-based Fortune 500 companies Northrop Grumman Corp. and Capital One Financial Corp. are among the 50 best workplaces to grow your career, according to LinkedIn’s Top Companies List, released this week. Falls Church-based Northrop Grumman, which ranks No. 32 on the LinkedIn Top Companies list, was cited for a variety of mentorship programs for women.
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New president and CEO of Towne Financial Services Group named
Brian Skinner will oversee all non-bank departments
Published
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include overseeing the company’s mortgage, insurance, realty and
Old Point Trust begins search for new chief
CEO Eugene Jordan II will transition to general counsel for parent company
Published
Old Point Trust & Financial Services President, Chairman and CEO Eugene M. Jordan II will become general counsel and corporate secretary for the Hampton-based wealth management services provider’s parent company, Old Point Financial Corp. Jordan, who has been Old Point Trust’s president and CEO for 19 years, will remain in his position as he aids
Navy Federal Credit Union names new executive
Keith Hoskins takes over branch operations for Vienna-based credit union
Published
Retired U.S. Navy Capt. Keith Hoskins was named executive vice president of branch operations for Vienna-based Navy Federal Credit Union in February, the member-owned nonprofit announced this week. Hoskins, a former Blue Angels pilot who served 27 years in the Navy, had served as lead executive for Greater Pensacola Operations since April 2019. Hoskins succeeds
Hampton Roads bank receives regulatory approval
Integrity Bank for Business plans to open in May
Published
Integrity Bank for Business, a new bank forming in Virginia Beach, has received all necessary regulatory approvals to open for business as a bank, it announced Wednesday. The approvals obtained include: the issuance of a Virginia state bank charter from the Virginia State Corporation Commission and the Virginia Bureau of Financial Institutions; deposit insurance from
The Brink’s Co. purchases largest private ATM services provider for $213M
Based in Dallas, PAI Inc. has a fleet of 100,000 U.S. ATMs
Published
Henrico County-based The Brink’s Co. has purchased PAI Inc., the largest privately held ATM services provider in the nation, for $213 million, the company announced Tuesday. The closing date was April 1, and the acquisition was financed using available cash and Brink’s existing credit facility, according to a news release. Brink’s, which offers secure cash
Blue Ridge Bank hires first chief development officer
Taps banking veteran Steve Farbstein for new role
Published
Steve Farbstein has left his position at Cornerstone RPO to become Blue Ridge Bank’s first chief development officer, the bank recently announced. Farbstein will be responsible for marketing, employee development and growing and maintaining lines of revenue at the bank, a subsidiary of Charlottesville-based Blue Ridge Bankshares Inc. — which completed a merger in February with
PPP loans deadline extended to May 31
Move takes pressure off banks, businesses and backlogged SBA
Published
Businesses and banks received a two-month extension to apply for Paycheck Protection Program loans this week, as President Joe Biden signed legislation delaying the deadline for the latest round of PPP loans from March 31 to May 31. This week’s extension takes some of the pressure off bankers and businesses, says Steve Yeakel, president and