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Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
As inflation remains high and the fallout from recent bank failures seems contained, the Federal Reserve Bank has good reason to continue raising interest rates, Federal Reserve Bank of Richmond President
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Layne, Perry named to TowneBank corporate board
Two execs to also serve on regional boards
Published
Suffolk-based TowneBank has named Aubrey L. Layne Jr., executive vice president of governance and external affairs for Sentara Healthcare, and Suburban Capital founder and CEO Christopher Perry to its corporate
Va. bankers say they’re not worried by SVB collapse
Some banks saw stock prices fall in response to crisis, though
Published
Last weekend was pretty tense for bankers, even for those leading institutions quite distant and different from Silicon Valley Bank, which Friday became the second largest bank to fail in
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TowneBank announces three promotions
Suffolk-based bank names retail banking president, two regional presidents
Published
TowneBank has promoted two presidents to new roles and appointed a president for its new region, the Suffolk-based bank announced Monday. Robin Cooke now serves as the president of retail
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
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
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
TowneBank president and COO retiring
Brad E. Schwartz will retire on Dec. 31
Published
TowneBank President and Chief Operating Officer Brad E. Schwartz will retire on Dec. 31, the Suffolk-based bank announced Wednesday. Schwartz will also step down as a director when his current
TowneBank names president, regional banking director
Brian Skinner will lead Virginia, northeastern N.C. markets
Published
TowneBank has promoted Brian Skinner to the newly created role of president and regional banking director for all of its markets in Virginia and northeastern North Carolina, the Suffolk-based bank