Pinnacle Bankshares in southern Virginia to buy rival lender

American Banker

The company will pay $29 million for Virginia Bank Bankshares. Community banking M&A Capital Growth strategies Virginia

Activist investor pressures Virginia bank to sell

American Banker

Community banking M&A Activist Investors VirginiaDriver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.

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W Virginia Withholds Payment To Tax Delinquent Vendors


The West Virginia State Auditor’ s office has announced a new tax program aimed at vendors who owe the state money. The vendor will not be able to resume business in West Virginia until it has corrected its delinquency.

Chipotle Subpoenaed In Virginia Norovirus Outbreak


The latest blow to the burrito chain has been a supoena sent to its corporate offices following the recent norovirus outbreak in one of its Virginia locations. Retail California chipotle contamination federal investigation food safety food-borne illness Health News norovirus QSR quick-service restaurant Restaurants Safety subpoena VirginiaThe ast few years have not been kind to the Chipotle Mexican Grill restaurant chain.

WorldRemit Launches Its Service In Virginia


23) it has launched its services in Virginia. WorldRemit provides a secure way for Virginia residents to send money to their loved ones around the world. Residents of Virginia now have the power to share money with friends and relatives abroad, 24/7,” commented Brion Nazzaro, director at WorldRemit, in the press release. WorldRemit said residents of Virginia can send money via instant bank transfer, mobile money transfer, cash pickup and mobile airtime top-up.

Virginia Sues Online Lender Over Consumer Loans


Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47 million in illegal high-interest loans, The Daily Press reported. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. The suit also alleges that NetCredit ran afoul of the state’s usury cap of 12 percent.

Bay Banks to Buy Virginia BanCorp

American Banker

Bay Banks of Virginia in Kilmarnock has agreed to buy Virginia BanCorp in Petersburg. breaking_news community-banking m-a va dealmaking-strategy

Growing naturally in Virginia

ABA Community Banking

TowneBank halting M&A after NC deal, plans to pass $10B organically Management CSuite Community Banking M&A. 1Management

Southern National, Eastern Virginia Bankshares to Merge

American Banker

Southern National Bancorp of Virginia in McLean has agreed to buy Eastern Virginia Bankshares in Glen Allen for $178.3 million. breaking_news community-banking m-a va dealmaking-strategy

Shazam wins endorsement of Virginia banking group

ATM Marketplace

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

Virginia Attorney General obtains default judgment in lawsuit against pension advance company

CFPB Monitor

Virginia’s Attorney General has announced that “he has secured more than $50 million in debt relief and ordered civil penalties” as a result of his lawsuit filed in state court in March 2018 against Future Income Payments, LLC; FIP, LLC; and their individual owner for allegedly making loans to Virginia consumers, many of whom were military veterans, that were falsely marketed as asset purchases. State CFS Monitor State Enforcement Usury usury virginia

Dollar Bank to Enter Virginia via Acquisition

American Banker

Dollar Bank in Pittsburgh has agreed to buy Bank @lantec in Virginia Beach. breaking_news community-banking m-a pa va dealmaking-strategy

Access National to Buy Middleburg Financial in Virginia

American Banker

has agreed to buy Middleburg Financial in Virginia for $233.1 Access National in Reston, Va., million, or $32.51 a share, in stock. breaking_news community-banking m-a va dealmaking-strategy

Bay Banks hires former BB&T market president for new strategic post

American Banker

Michael Troutman will serve as chief revenue officer at Bay Banks of Virginia, where he will advise management and the board on growth opportunities. Community banking Recruiting Succession planning BB&T Virginia

Truist rivals eager to poach clients but will have to wait

American Banker

Integrations Recruiting Community banks Earnings Virginia North CarolinaFor small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.

Google’s Drone Delivery Unit Wing Gets Nod By FAA


With the FAA approval Wing will be able to make drone deliveries in an area of southwest Virginia. In an interview with The New York Times, Jonathan Bass, a spokesman for Wing, said deliveries in Virginia should kick off later in 2019.

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Virginia Bank Juggled CEO Search with Merger Talks

American Banker

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. people breaking_news community-banking va dealmaking-strategy

Virginia, North Carolina Banks to Swap Branches

American Banker

First Bancorp in Southern Pines, N.C., and First Community Bancshares in Bluefield, Va., have agreed to exchange branches in two states. breaking_news community-banking branch-deals nc va dealmaking-strategy

Alexa’s 7 Banking Skills You Didn’t Know About

Bank Innovation

Exclusive Mobile Operations Technology Alexa Alliant Credit Union Amazon Alexa Capital One FIdelity Investments New England federal Credit Union TD Ameritrade Virginia Credit Union Voice TechLast week, Amazon’s digital assistant, Alexa, hit the 10,000 skills milestone. The top 5 categories of skills, in descending order were: News, Gaming, Education/Reference, Lifestyle and Novelty/Humor.

C&F in Virginia Names Long CFO

American Banker

C&F Financial in West Point, Va., has named Jason Long chief financial officer of the company and its Citizens and Farmers Bank subsidiary. breaking_news people succession-planning va community-banking

Yes, Virginia, There Are Women Leaders In Fintech

Tech and Finance

BNY Mellon, has appointed Bridget E. Engle as senior executive vice president and chief information officer reporting directly to CEO Gerald Hassell. In this position, Engle will lead the company’s Client Technology Solutions group, which provides critical technology platforms and applications. She will be responsible for setting the strategic direction and execution of the firm’s technology agenda.

Looking back at 2019's community bankers to watch

American Banker

Community banking M&A Succession planning Branding Credit quality CRE Virginia California Arkansas Massachusetts LouisianaOne found a buyer, another announced plans to retire, and others took steps to reinvent their banks.

Amazon HQ2 Secures $51M Funding Vote In VA

PYMNTS’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. Amazon Antitrust board headquarters HQ2 incentives New York News second headquarters Virginia What's Hot

Summit to Buy First Century in West Virginia

American Banker

Summit Financial Group in Moorefield, W.Va., has agreed to buy First Century Bankshares in Bluefield, W.Va. breaking_news community-banking dealmaking-strategy

First Community in Virginia Discloses Bank President's Resignation

American Banker

The $2.5 billion-asset company disclosed in a regulatory filing Friday that Martyn Pell, president of its First Community Bank, had resigned, effective immediately. breaking_news people va community-banking

First Citizens to Buy Cordia Bancorp in Virginia

American Banker

First Citizens BancShares in Raleigh, N.C., has agreed to buy Cordia Bancorp in Midlothian, Va. breaking_news community-banking m-a va nc dealmaking-strategy

Yes, Virginia, There Is A Regulatory Burden On Small Banks


Preston Ash of the Federal Reserve Bank of Dallas, sent me (on New Years Eve, no less) an article co-authored by Preston and Christoffer Koch and Thoma F. Siems of the Dallas Fed, entitled " Too Small to Succeed?--Community Community Banks in a New Regulatory Environment."

CFPB and Virginia AG settle claims against pawnbroker for alleged TILA/CFPA/VA law violations

CFPB Monitor

The CFPB and the Virginia Attorney General announced that they had entered into a proposed consent order with Woodbridge Coins and Jewelry Exchange, Inc., a Virginia-based pawnbroker, to settle a lawsuit filed in a Virginia federal court alleging the pawnbroker’s closed-end pawn contracts violated the TILA, the CFPA, and Virginia law. Barbara S. Mishkin.

Student loan servicing developments in California, Illinois, and Washington; legislation introduced in Virginia and New Mexico

CFPB Monitor

California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time. Virginia. In Virginia, Democratic representative Marcus B. On December 27th, Democratic Senator Bill Tallman introduced the Student Loan Servicing Rights Act , which largely follows the form of other state bills, including Virginia.

What’s Next For Real Estate In Amazon’s HQ2 Cities?


The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., Build it and they will come — in this case, times two.

Union Bankshares to Buy Virginia Wealth Management Firm

American Banker

Union Bankshares in Richmond, Va., has agreed to buy Old Dominion Capital Management in Charlottesville, Va. breaking_news community-banking m-a va dealmaking-strategy

Blue Ridge Bankshares to Buy River Bancorp in Virginia

American Banker

Blue Ridge Bankshares in Luray, Va., has agreed to buy River Bancorp in Martinsville, Va. breaking_news community-banking m-a va dealmaking-strategy

Will Amazon's new HQs fast-track modern transit payments?

Payments Source

and northern Virginia — and if recent history is any indication, Amazon may take an active role in improving that infrastructure. Retailers Mobile payments Amazon New York Virginia Washington DC WashingtonAmazon’s transit-friendly posture should provide momentum for digital ticketing and other subway improvements in Queens, N.Y.,

Lowe’s Employees Decked Out In High-Tech Exoskeletons


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.”

Senator Points At Yahoo For SEC Investigation


Security & Fraud breach Marissa Mayer mark warner Security Verizon Virginia yahooMark Warner (D-VA) is pointing the finger at Yahoo Inc., arguing that the Securities and Exchange Commission should open an investigation after the data breach last week — quite possibly the largest breach in history. Warner penned a letter to SEC Chair Mary Jo White that the SEC should be looking into Yahoo’s conduct as to how properly it informed investors when and after the incident occurred.

Hey, College Kid, Got The Munchies? Let Google Drone-Drop You A Chipotle Burrito


Alphabet, Google’s parent company, has announced the first initiative for Project Wing, its drone-delivery project: supplying Virginia Tech students with Chipotle burritos. Back in 2013, the FAA selected Virginia Tech, as part of the Mid-Atlantic Aviation Partnership (MAAP), to be one of six unmanned aircraft test sites. Innovation Alphabet Aviation chipotle Drone FAA Google Hokies Uber Virginia Tech

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Website Design: 10 Reasons to Love the Homepage of City National Bank of West Virginia

Fintech Labs Insights

Looking for inspiration this morning I did a random search on Google for “banks in West Virginia.” The post Website Design: 10 Reasons to Love the Homepage of City National Bank of West Virginia appeared first on Finovate. Sometime serendipity leads you to great places.

Hey, College Kid, Got the Munchies? Let Google Drone-Drop You A Chipotle Burrito


Alphabet, Google’s parent company, has launched Project Wing, a drone-delivery project initially supplying Virginia Tech students with Chipotle burritos. Back in 2013, the FAA selected Virginia Tech, as part of the Mid-Atlantic Aviation Partnership, to be one of six unmanned aircraft test sites. News Alphabet Aviation chipotle Drone FAA Google Hokies Uber Virginia Tech

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Smart Card Alliance opens Washington, DC-area training center

Mobile Payments Today

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

How Finfit is building out its financial toolkit for hourly and other workers

Bank Innovation

The field of fintech companies focusing on people who live paycheck to paycheck continues to grow, with Virginia Beach-based Finfit picking up $7 million in Series B equity funding on Friday.

Capital One Treasury Head: AI and ML Driving Customer Experience Improvements

Bank Innovation

Phil Beck, Head of Treasury Management at Capital One, is almost a year into his job at the McLean, Virginia-based bank, where his focus has been getting commercial banking up to speed with the digital economy.

Finance Firms Are Hiring in These Cities Following Global Cuts

Bank Innovation

In Richmond, Virginia, finance job openings grew 31.3% Demand for bankers and financial services workers appears to be waning following a wave of cutbacks at the start of the year. But a few cities are bucking the trend with double-digit growth in finance employment opportunities.

Capital One Permanently Exits Mortgage and Home Equity Business

Bank Innovation

The Virginia-based bank announced an abrupt, and permanent, closure of its mortgage and home equity origination business this week, citing that the sector was too competitive for the bank to turn a profit. No more Capital One mortgages.