ABA Community Banking

AUGUST 23, 2022

TowneBank in Suffolk, Virginia, has agreed to buy Farmers Bankshares in Windsor, Virginia. The post M&A News: TowneBank expands in Virginia appeared first on ABA Banking Journal. billion-asset TowneBank said in a press release Thursday that it will pay $56 million in stock for the $609 million-asset Farmers.

Virginia 59

Virginia Community Bank Community 59

American Banker

DECEMBER 12, 2023

Carter Bankshares in Martinsville, Virginia, is attempting to exit a longstanding relationship with West Virginia Gov. Jim Justice through a seldom-used collections tool that was at the center of a court hearing this week.

West Virginia 41

West Virginia Virginia Tools Community Bank 41

American Banker

MARCH 26, 2024

First National has agreed to buy Touchstone Bankshares. The combined company would have more than $500 million each of deposits and loans.

Virginia 85

Virginia National Company Community Bank 85

American Banker

NOVEMBER 16, 2023

The lawsuit extends a dispute that started after the death of the bank's founder in 2017. Jim Justice alleges that Carter Bancorp engineered a technical default on a multi-million lending relationship and has blocked his company's efforts to refinance with other lenders.

West Virginia 69

West Virginia Virginia Lending Company 69

Banking Exchange

MAY 24, 2021

Virginia-based bank seeks to boost banking access for overseas companies with US banking needs Community Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management.

Virginia 145

Virginia Community Bank Community Trends 145

American Banker

SEPTEMBER 10, 2020

Robotic process automation is normally the province of large banks, but Extraco Banks in Texas and Carter Bank in Virginia are training bots to perform repetitive, mind-numbing tasks.

Community Bank 77

Community Bank Virginia Community Texas 77

American Banker

AUGUST 25, 2023

Burke & Herbert Financial Corp. and Summit Financial Group announced a transaction that they described as a merger of equals valued at roughly $371.5 million in stock.

Virginia 36

Virginia Community Bank Community Groups 36

Independent Banker

OCTOBER 1, 2022

An event at EMS in June brought together (L–R) Clear Mountain Bank president/CEO Dave Thomas, ICBA president Rebeca Romero Rainey, FHLBank Pittsburgh president/CEO Winthrop Watson, and Tim Critchfield, EMS owner/president. Name: Clear Mountain Bank. In 2021, the bank was named West Virginia Community Lender of the Year.

West Virginia 91

West Virginia Virginia Community Bank Community 91

ABA Community Banking

JUNE 20, 2023

Virginia Ali, owner of historic D.C. landmark Ben’s Chili Bowl, got her start at a community bank The post Living legend credits banking for success appeared first on ABA Banking Journal.

Virginia 52

Virginia Community Bank Community 52

Banking Exchange

DECEMBER 21, 2021

Virginia-based bank surpassed industry average score, but four US banks fall short Retail Banking Feature Feature3 Customers Community Banking.

Virginia 78

Virginia Capital Community Bank Community 78

American Banker

MAY 16, 2020

New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry.".

Virginia 52

Virginia Community Bank Community Industry 52

American Banker

OCTOBER 10, 2023

Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.

Virginia 45

Virginia Fintech Community Bank Community 45

Banking Exchange

JUNE 14, 2021

BMO Harris Bank’s new premises will cater for mid-market businesses, while Citizens Bank purchases West Virginia branches Community Banking Feature3 Feature Management M&A.

West Virginia 78

West Virginia Virginia Community Bank Community 78

Banking Exchange

JANUARY 25, 2021

billion regional bank is building four new sites in Hampton Roads, Virginia Community Banking Feature3 Feature Management M&A Human Resources.

Virginia 78

Virginia Community Bank Regional Resources 78

ATM Marketplace

FEBRUARY 23, 2016

This is the first time that the Virginia Association of Community Banks has endorsed an ATM and debit processor, Shazam says.

Virginia 48

Virginia Groups ATM Community Bank 48

PYMNTS

JUNE 21, 2020

Virginia’s Chesapeake Bank has joined The Clearing House’s Real-Time Payments (RTP) network, showing that smaller community banks have joined the new trend of enabling instantaneous payments and receipts for customers, a press release said.

Virginia 224

Virginia Community Bank Strategy Digital Banking 224

American Banker

OCTOBER 1, 2020

Virginia National and Fauquier Bankshares are planning to create a $1.6 billion-asset company focused on the middle part of the state.

Virginia 34

Virginia National Company Community Bank 34

Banking Exchange

JANUARY 29, 2020

The combined entity will cover Florida, Georgia, Alabama, the Carolinas, and Virginia when it completes in Q3 2020 Community Banking M&A Management Feature Feature3.

Alabama 78

Alabama Georgia Virginia Florida 78

American Banker

FEBRUARY 23, 2023

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West Virginia 53

West Virginia Ohio Virginia Community Bank 53

American Banker

FEBRUARY 28, 2024

After Carter Bankshares sought to auction one of his properties, Gov. Jim Justice promised to "push back like you can't imagine."

West Virginia 36

West Virginia Virginia Community Bank Community 36

PYMNTS

JUNE 23, 2020

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains Community Bank Traction. In the U.S., And when it comes to legacy rails, the U.S.

Fraud 266

Fraud Community Bank Virginia Community 266

American Banker

AUGUST 13, 2020

The proposed combination would create a bank with $3 billion in assets in central Virginia.

Virginia 37

Virginia Community Bank Community Strategy 37

Finer Points

AUGUST 4, 2014

Before I was ever a community banker, I was a cadet at the Virginia Military Institute and an officer in the U.S. Community Banks' One of the core principles instilled in me during my military training was the importance of never giving up ground—of always looking for opportunities to take ground from the enemy.

Virginia 157

Virginia Community Bank Report Training 157

American Banker

SEPTEMBER 1, 2021

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Virginia 62

Virginia Community Bank Community 62

American Banker

DECEMBER 22, 2023

Bank investor Kenneth Lehman and investment firm Castle Creek are providing the funds to the Virginia-based bank, whose fintech friendly strategy has gotten it in trouble with regulators. The bank's stock has sunk 70% this year.

Virginia 74

Virginia Capital Strategy Regulation 74

American Banker

JANUARY 21, 2020

The company will pay $29 million for Virginia Bank Bankshares.

Virginia 36

Virginia Company Community Bank Capital 36

American Banker

FEBRUARY 22, 2024

MainStreet Bancshares in Fairfax says it can succeed where others have run into some thorny regulatory problems by cutting out the middleware and linking fintech partners directly to its core.

Virginia 45

Virginia Fintech Community Bank Community 45

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks.

Compliance 100

Compliance FDIC Community Bank Community 100

American Banker

JULY 19, 2023

Brian Plum abruptly stepped down as president and CEO of the Charlottesville, Virginia, company last week. Blue Ridge also announced that it would not pay a dividend in the third quarter.

Virginia 69

Virginia Company Community Bank Industry 69

ABA Community Banking

MAY 4, 2017

TowneBank halting M&A after NC deal, plans to pass $10B organically Management CSuite Community Banking M&A.

Virginia 40

Virginia Community Bank Community Management 40

American Banker

DECEMBER 13, 2016

Southern National Bancorp of Virginia in McLean has agreed to buy Eastern Virginia Bankshares in Glen Allen for $178.3 million.

Virginia 28

Virginia National Community Bank Community 28

Independent Banker

MAY 31, 2022

I’ll also be traveling to a series of meetings for ICBA Bancard, TCM Bank, ICBA Reinsurance and ICBA Securities, and attending the Community Bankers of West Virginia Convention. Open dialogue is important, because as a community bank, no two scenarios are exactly alike.

West Virginia 151

West Virginia Community Virginia Meeting 151

American Banker

NOVEMBER 3, 2016

Bay Banks of Virginia in Kilmarnock has agreed to buy Virginia BanCorp in Petersburg.

Virginia 28

Virginia Community Bank Community Strategy 28

American Banker

OCTOBER 10, 2023

Other banks likely will follow the lead of the Richmond, Virginia, company and tap the equity in their branch networks as alternative sources of capital grow more costly, experts say.

Virginia 45

Virginia Capital Company Community Bank 45

American Banker

JULY 25, 2023

The $417 million agreement would give Richmond, Virginia-based Atlantic Union Bankshares "the critical mass" it needs in its home state and neighboring North Carolina, according to CEO John Asbury. He and his counterpart Jeff Haley at American National Bankshares in Danville, Virginia, describe each other as longtime pals.

North Carolina 36

North Carolina National Virginia Community Bank 36

American Banker

JUNE 28, 2016

Dollar Bank in Pittsburgh has agreed to buy Bank @lantec in Virginia Beach.

Virginia 34

Virginia Community Bank Community Strategy 34

American Banker

APRIL 8, 2016

Hampton Roads Bankshares in Virginia Beach juggled a search for a new chief executive while also arranging for its eventual merger with Xenith Bankshares in Richmond, Va.

Virginia 28

Virginia Community Bank Community Strategy 28