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MainStreet Bancshares president to retire
Charles Brockett has led MainStreet Bank parent company for five years
Published
Charles “Chris” Brockett announced Friday that he’s retiring as president of MainStreet Bancshares Inc., parent company of Fairfax-based MainStreet Bank, effective March 31. Brockett has served as MainStreet Bancshares’ president
Stronger together
Community banks gain scale from mergers
Published
Bank acquisitions and mergers, particularly among Virginia’s community banks, continued apace in 2021. Banks sought scale for efficiency and flexibility, as well as to acquire resources in anticipation of potential
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FTC fines Capital One CEO for failing to file stock transaction
Richard Fairbank incurs $637,950 civil penalty over alleged Hart-Scott-Rodino Act violation
Published
The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The
Finance | Insurance
Banking | Financial Planning | Venture Capital | Investments
Published
JOHN ASBURY PRESIDENT AND CEO, ATLANTIC UNION BANKSHARES, RICHMOND A native of Radford who graduated from Virginia Tech and received his MBA at William & Mary, Asbury now leads the
Old Point National Bank appoints VP operations
Christopher Hobbs comes from U.Va. Community Credit Union
Published
Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old
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 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
First Bank to acquire The Bank of Fincastle
Transaction to create bank with $1.2B in assets
Published
Strasburg-based First National Corp. (the bank holding company of First Bank) announced Thursday it will acquire The Bank of Fincastle. Financial terms of the transaction were not released, but the
Va. bank is first to allow customers to buy, redeem bitcoin at ATMs
Blue Ridge Bankshares opens ATMs with cryptocurrency access
Published
With cryptocurrency use on the rise, customers of Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, will now be able to purchase and redeem bitcoin at
Four community banks launch $1M minority business fund
Eligible minority-owned small businesses and startups can receive up to $50K in funding
Published
The Bank of Clarke County announced Tuesday the launch of the Banking on Diversity initiative, a minority business funding program backed by Bank of Clarke County, BCT-Bank of Charles Town,