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Virginia-based bank provides Bitcoin access at ATMs

Payments Dive

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.

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West Virginia treasurer warns new banks of ESG-based blacklisting

American Banker

Six financial institutions may be placed on West Virginia's restricted list if they are found "boycott" the fossil fuel industry, Riley Moore said.

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Virginia Man Pleads Guilty To $2.5 Million PPP Swindle

PYMNTS

A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 District Attorney’s Office for the Eastern District of Virginia stated in the release. attorney for the Eastern District of Virginia, in the release. Department of Justice announced in a press release.

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West Virginia governor spars with bank over $300M debt

American Banker

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.

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M&A News: TowneBank expands in Virginia

ABA Community Banking

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.

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Virginia federal district court denies motion to dismiss CFPB lawsuit against company providing services to immigrants held in federal detention

CFPB Monitor

The first enforcement action filed by the CFPB under the Biden Administration was a lawsuit filed in a Virginia federal district court jointly with the Attorneys General of Virginia, Massachusetts, and New York against Libre by Nexus, Inc. The Virginia AG argued that the defendant corporations were covered by the VCPA.

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Virginia community banks merge, Michigan credit union acquires bank

American Banker

National Bankshares in Virginia agrees to acquire in-state peer, Advia Credit Union in Kalamazoo strikes deal with Illinois bank, EBANX's annual Beyond Borders study launches and more in the weekly banking news roundup.