Virginia banks merging in $47 million deal
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.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
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.
American Banker
JANUARY 26, 2024
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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.
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.
American Banker
OCTOBER 24, 2016
Access National in Reston, Va., has agreed to buy Middleburg Financial in Virginia for $233.1 million, or $32.51 a share, in stock.
Payments Dive
FEBRUARY 23, 2016
The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA.
American Banker
FEBRUARY 18, 2021
The company has agreed to pay $32 million for a bank with six branches and $256 million of assets.
PYMNTS
MARCH 2, 2020
The 2020 outlook report from the National Restaurant Association illustrates an industry contending with the countercurrents of solid consumer spending and disruptive technology. 2019: The year students at George Mason University in Virginia and Northern Arizona University started getting food delivered by robots.
American Banker
FEBRUARY 20, 2020
Zember abruptly resigned as CEO of Ameris Bancorp last summer.
PYMNTS
AUGUST 30, 2020
government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported.
Jeff For Banks
NOVEMBER 24, 2019
September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. The bank, First National Bank of Keystone, was $1.1 And so went the birth of First National Bank of Keystone's meteoric rise.
PYMNTS
NOVEMBER 13, 2018
Amazon has selected New York City and Northern Virginia as the homes for its second and third headquarters. Virginia has also pledged $195 million in infrastructure improvements, work that involves subway stations and a pedestrian bridge for people headed to Reagan National Airport.
PYMNTS
MARCH 18, 2019
Amazon.com’s plans to open its HQ2 in Virginia got the support of local officials who approved a financial package valued at $51 million over the weekend. Late last year Amazon chose National Landing, a location that is owned by Arlington County and the city of Alexandria, as its second headquarters in conjunction with New York City.
PYMNTS
DECEMBER 14, 2020
Suzhou, located in East China's Jiangsu Province, is at the frontlines for China's push to enact a national digital currency. The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release. on Friday (Dec.
PYMNTS
OCTOBER 1, 2019
“This is a big step forward in safely integrating unmanned aircraft systems into our airspace, expanding access to healthcare in North Carolina and building on the success of the national UAS Integration Pilot Program to maintain American leadership in unmanned aviation,” said U.S. Secretary of Transportation Elaine L.
PYMNTS
MARCH 18, 2020
The bank plans to donate $2 million to the COVID-19 Solidarity Response Fund run by the United Nations and the World Health Organization (WHO). that are fighting the coronavirus: ACT for Alexandria , Arlington Community Foundation , Community Foundation for Northern Virginia and the Greater Washington Community Foundation.
PYMNTS
MARCH 6, 2018
The National Pawnbrokers Association pegs that at about $150, reports said. Last year, the Consumer Financial Protection Bureau and the Attorney General of Virginia took action against a pawnbroker in Virginia, ordering the business to pay restitutions to customers due to misinforming them of fees associated with loans.
PYMNTS
DECEMBER 18, 2020
The program is available in Connecticut, Delaware, Georgia, Maryland, New Jersey, New York, Ohio, Pennsylvania, Virginia and Washington, D.C. . Instacart has partnered with more than 500 national and local retailers in several sectors, including grocery items, beauty products, wellness merchandise and electronics.
PYMNTS
NOVEMBER 13, 2018
Amazon is expected to announce later Tuesday (November 13) that it chose New York City and Northern Virginia as the homes for its second and third headquarters, reported the Wall Street Journal. Both are located directly across from city centers.
PYMNTS
MAY 16, 2017
The national home improvement chain partnered with Virginia Tech to develop a futuristic exosuit for its employees. “As a way to support them, we found a unique opportunity to collaborate with Virginia Tech to develop one of the first retail applications for assistive robotic exosuits.”
PYMNTS
JANUARY 19, 2020
New York, Ohio, and Virginia lawmakers all have introduced security deposit-focused legislation designed to help renters in markets often without designated, affordable and low-income housing. Now I’m in a whole different realm,” said Charles Tassell, chief operating officer of the National Real Estate Investors Association.
PYMNTS
FEBRUARY 27, 2020
The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. In fact, by 2030, the National Restaurant Association expects that technology could completely change the face of dining.
PYMNTS
JULY 15, 2020
The Retail Industry Leaders Association (RILA), a Virginia-based trade group that promotes consumer choice and economic freedom through public policy, has asked the National Governor’s Association to push for specific and consistent mask mandates. A Goldman Sachs survey found that a national mask law could spare the U.S.
PYMNTS
DECEMBER 3, 2018
For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017. The bank claimed $2.4 million in losses under its cyber insurance policy, but the insurer disputed the claim and offered $50,000.
PYMNTS
NOVEMBER 10, 2020
PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.
PYMNTS
FEBRUARY 18, 2020
Bankruptcy Court in Richmond, Virginia. Wells Fargo National Association and Pathlight Capital LP will allow the company to operate while finalizing sales. The Fort Worth, Texas-based retailer franchise said it filed for chapter 11 protection Monday in U.S. The bankruptcy financing from lenders including Bank of America N.A.,
PYMNTS
JANUARY 20, 2020
Viettel, for its part, has over 110 million clients in 11 nations, including Peru, Hati and Cambodia. Richard Burr from North Carolina and Mark Warner from Virginia have put forward a bill to push back against the dominance of China in 5G by offering to subsidize firms in the U.S. Viettel announced the plan Friday (Jan.
PYMNTS
MAY 7, 2020
Total claims filed since COVID-19 hit the nation in March have topped 30 million. The highest insured unemployment rates in the week ending April 18 were in Vermont (25.2), West Virginia (21.9), Michigan (21.7), Rhode Island (20.4), Nevada (19.9), Connecticut (18.7), Puerto Rico (17.9), Georgia (17.3), New York (17.2)
PYMNTS
DECEMBER 27, 2019
In separate news, reports surfaced in September that mobile sports betting is quickly growing to a point where New Jersey is close to topping Las Vegas as the biggest market in the nation. Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports.
PYMNTS
DECEMBER 17, 2018
The Southern National Bancorp of Virginia is now shelling out 2.25 percent interest on some of its checking accounts, as bigger national banks pay almost 0 percent. These pinched institutions include 34 branches of Banc of California and its 68 percent rise in interest costs over the last year, as it paid to get more depositors.
PYMNTS
OCTOBER 19, 2017
states, including Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. WEX will display its range of fleet industry products at the National Association of Convenience Stores trade show in Chicago from Oct. Sheetz boasts more than 550 locations in six U.S. billion range.
PYMNTS
AUGUST 2, 2019
The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers, people familiar with the matter told The Wall Street Journal on Thursday (Aug 1). One of the main issues being revisited is Facebook’s purchase of Instagram and WhatsApp.
Perficient
MAY 27, 2022
Of particular significance is that in Virginia, banks may offer this service in either a fiduciary or non-fiduciary capacity. This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group.
PYMNTS
OCTOBER 4, 2019
percent APY, which is about 22 times higher than the average of national accounts. Credit Karma is partnering with West Virginia-based MVB Bank on the venture. CNBC reports that the savings account won’t have any fees and will not require a minimum balance to open. It offers a savings rate of 2.03
PYMNTS
MAY 5, 2020
Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June.
PYMNTS
OCTOBER 16, 2017
Grubhub , a mobile food ordering and delivery platform, is expanding its range of delivery and catering options once again, this time by announcing news of a partnership with another national leader in food services: BJ’s Restaurants and Brewhouse. BJ’s Restaurants, Inc., Additionally, corporate catering is available for business functions.
CFPB Monitor
FEBRUARY 16, 2022
Around the nation, regulators are preparing to implement and enforce new consumer-like disclosure laws for small business commercial finance providers. New York regulators have yet to issue final regulations implementing the state’s Commercial Finance Disclosure Law (CFDL), which went into effect on January 1, 2022.
CFPB Monitor
DECEMBER 5, 2022
CarMax must also present consumers with copies of open recalls and obtain the consumer’s signature on a standalone disclosure document before presenting any other sales paperwork. .
PYMNTS
OCTOBER 27, 2016
26) that its grocery delivery platform, AmazonFresh, is continuing its march toward national domination with the addition of two new cities : Chicago and Dallas. Amazon announced yesterday (Oct.
CFPB Monitor
AUGUST 10, 2022
The CFPB recently published a report analyzing how certain actions announced earlier this year by the three largest national consumer reporting agencies—Equifax, Experian, and TransUnion—will affect people who have allegedly unpaid medical debt on their credit reports The new report is the CFPB’s third report issued this year on medical debt.
Independent Banker
DECEMBER 31, 2022
In 2022, the House Energy and Commerce Committee passed a national data privacy bill, but the bill did not receive a vote on the House floor. Interest at the state and national level is expected to continue in 2023. Mary Thorson Wright is a writer in Virginia. Climate-related risk. Peer-to-peer fraud.
Abrigo
DECEMBER 16, 2019
Summit Community currently expects to use a 12-month economic forecast for qualitative factors , basing the forecast on national economic data from the Federal Reserve’s Federal Open Market Committee and on subscription-based quarterly reports for its lending areas in Virginia and West Virginia.
ATM Marketplace
FEBRUARY 23, 2016
The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content