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Embedded finance
Community banks move into banking as a service
Several years ago, Blue Ridge Bank President and CEO Brian Plum began to notice a movement across the broader economy. “We live in a world where data has value,” Plum says. “It only made sense that over time, [as] you would see more sellers or other service providers that have built out platforms to try
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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 since January 2017. He will remain a member of the board of directors. “We are pleased that Chris will continue to exercise strategic oversight and
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Community bank consolidations gather steam
Published
Virginia is seeing a wave of bank mergers and acquisitions, a trend that could intensify, banking experts say. “We could potentially see a record-setting year for bank mergers and acquisitions,” says John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares Corp. and chairman of the Virginia Bankers Association. Banks are reaching for scale, meaning