Banking/Finances

Roanoke accounting firm acquires real estate title firm

Brown Edwards is a Top 100 U.S. accounting firm

Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the…

Bay Banks of Virginia names new executive VP

Michael Troutman will also serve as the Richmond-based bank's first chief revenue officer.

Michael H. Troutman was hired as executive vice president and chief revenue officer of Richmond-based Bay Banks of Virginia Inc., holding company for Virginia Commonwealth Bank and VCB Group Inc., the bank announced Thursday. Troutman has been in banking for 18 years and in his new role will be responsible for revenue-generation strategy. He will…

Old Dominion National Bank taps new board members

Three directors come from Washington, D.C., area.

Tysons-based Old Dominion National Bank announced three new members of its board of directors Wednesday. The new board members include Jim Abdo, president and CEO of Abdo Development, a Washington, D.C.-headquartered development company that specializes in adaptive re-use of urban properties in the capital region; Jennifer Bognet, executive vice president of Bognet Construction, an interior…

Truist names three Virginia regional bank presidents

The mega bank created from BB&T-SunTrust merger taps former SunTrust leaders.

Truist Financial Corp., the Charlotte, North Carolina-based mega bank created in December following the merger of BB&T and SunTrust, announced Tuesday it has named 24 regional presidents, three of whom will oversee the Virginia market. “Our ability to leverage our unique community model with its decentralized, regional structure combined with deep industry and banking expertise…

Oral arguments set for Virginia Credit Union, bank dispute

Community banks oppose VACU's bid to include Medical Society of Virginia members.

Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments…

Atlantic Union Bank donates building to Bowling Green

The bank traces its roots to bank founded there in 1902.

Richmond-based Atlantic Union Bank has donated a 480-square-foot building to the Town of Bowling Green, which will use it as the town’s new economic development office, the bank announced Monday. Atlantic Union Bank traces its origins back to the Caroline County Bank, which opened in Bowling Green in 1902 and later became known as Union…

Martinsville’s Carter Bank & Trust taps two senior VPs

Andy Meece, Tammy Ingram are long-time employees.

Martinsville-based commercial bank Carter Bank & Trust promoted two long-time employees to senior leadership positions, the bank announced Tuesday. Former senior finance officer Andy Meece has been promoted to senior vice president and has been with the bank since 2006. Meece works in financial forecasting and modeling and serves as the chairman of the…