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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
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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
Staying the course
Wealth pros counsel avoiding rash decisions
Published
A tanking economy. Rampant inflation. Whiplash in the stock market. What’s an investor to do? Look for opportunities to rebalance portfolios but, in general, hang tight, wealth management professionals say.
Navigating metaverse investments
Published
Investors itching to get in on the latest tech trend are zooming in on the metaverse — a presumed future virtual or mixed reality iteration of the internet in which
Chesapeake Bank CFO appointed COO
Rebecca Andrick "Becky" Foster will hold both roles
Published
Chesapeake Financial Shares Inc. has appointed its chief financial officer, Rebecca Andrick “Becky” Foster, to the additional post of chief operating officer, the Kilmarnock-based parent company of Chesapeake Bank and