Southwestern Virginia banks announce merger

BankThink

Community banking M&A Growth strategies VirginiaFirst Community Bankshares will buy Highlands Bankshares for $91 million.

W Virginia Withholds Payment To Tax Delinquent Vendors

PYMNTS

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.

Summit Financial returns to M&A to build scale in West Virginia

BankThink

Community banking M&A Growth strategies West VirginiaThe company will pay $29 million for Cornerstone Financial Services.

Virginia bank's succession plan has two stages

BankThink

Community banking Succession planning Commercial banking VirginiaA Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

Virginia to open first new bank since financial crisis

BankThink

Trustar Bank is set to debut in northern Virginia in July. Community banking De novo institutions Capital Virginia Washington DC

Virginia bank to move headquarters as part of latest acquisition

BankThink

after completing its $43 million purchase of Virginia Community Bancshares. Community banking M&A Capital Growth strategies VirginiaBlue Ridge Bankshares will be based in Charlottesville, Va.,

Chipotle Subpoenaed In Virginia Norovirus Outbreak

PYMNTS

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

PYMNTS

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

PYMNTS

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.

Delmar Bancorp entering Virginia with latest bank acquisition

BankThink

Virginia Partners will operate as a separate bank unit after the deal closes. Community banking M&A Growth strategies Capital Maryland Virginia

Virginia bank sues North Carolina de novo over name

BankThink

Consumer banking Community banking De novo institutions Lawsuits Branding North Carolina VirginiaAmerican National Bankshares is trying to force the proposed American Bank & Trust to change its name.

Former WashingtonFirst execs plan new bank in Northern Virginia

BankThink

Women in Banking De novo institutions Community banking Career moves MWBEs Capital VirginiaShaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

Parkway in western Virginia lines up next CEO

BankThink

Community banking Succession planning Growth strategies VirginiaBlake Edwards Jr. will take the helm at the parent of Skyline National Bank when J. Allan Funk retires next month.

Regional banking stages a comeback in Virginia

BankThink

Community banking M&A Capital VirginiaUnion Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.

Virginia bank changes names after recent acquisition

BankThink

Community banking Branding M&A VirginiaBank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares.

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

Atlantic Bay Mortgage, Virginia Community Bank call off proposed merger

BankThink

Community banking M&A Mortgages FDIC VirginiaThe companies had been unable to secure regulatory approval for the deal, which was announced a year ago.

First US Bancshares to enter Virginia with latest acquisition

BankThink

M&A Community banking Capital Growth strategies Alabama Virginia TennesseeThe Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

Virginia Community Banker: LinkedIn Has Business Development Potential

Independent Banker

By Ann Chen. Tips from Bruce Gemmill on Fully Using LinkedIn. Nurturing LinkedIn relationships is similar to forming personal relationships in that it requires time and attention. Bruce Gemmill of John Marshall Bank in Reston, Va., recommends the following action items: 1.

MVB Financial buys fintech consulting firm

BankThink

The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland. Community banking M&A Fintech West Virginia

Managing Someone Else’s Money: Virginia

CFPB

Virginia residents: There’s a guide for you! Today we are releasing a set of several Managing Someone Else’s Money guides specific to the state of Virginia. These state guides will make it easier for caregivers to follow Virginia’s unique rules and to find help close to home.

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

Worth Harris Carter, legendary Virginia banker, dies at 79

BankThink

Community banking Commercial lending Obituaries Virginia North CarolinaCarter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks.

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 bank winding down mortgage unit after striking deal with Chicago thrift

BankThink

Community banking Mortgage applications Mortgages Virginia IllinoisUnion Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

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

Virginia bank's IPO would fund M&A deal

BankThink

FVCBancorp in Fairfax will use part of the proceeds to help pay for its pending acquisition of Colombo Bank. Community banking IPOs Capital Capital requirements M&A Consolidations

Ohio, West Virginia mutuals look to preserve beleaguered model with merger

BankThink

Community banking Mutual banks M&A Ohio West VirginiaFirst Mutual Holding and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets.

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.

Best 11 Fun Things to Do & See in West Virginia – Activities & Attractions

Money Crashers

“Wild, Wonderful West Virginia” – That’s what the West Virginia Division of Tourism calls its home state. West Virginia is a landlocked, mostly rural state sandwiched between Virginia, Maryland, Pennsylvania, Ohio, and Kentucky. As tourism slogans go, it hits the nail on the head.

WesBanco joins parade of W.Va. banks into D.C. area

BankThink

Community banking M&A Growth strategies Maryland West Virginia VirginiaA company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares.

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.

Capital One to buy tech-focused investment bank

BankThink

Capital One agreed to buy KippsDeSanto, a Northern Virginia company that specializes in advice to the defense and government contracting sectors. M&A National banks Investment banking Capital One Virginia

Old Line in Maryland to sell to WesBanco for $500 million

BankThink

WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition. Community banking M&A Growth strategies West Virginia Maryland

Virginia Credit Union Buys Naming Rights to Outdoor Amphitheater

Keith Leggett's Credit Union Watch

Virginia Credit Union, Inc. The name of the new venue is Virginia Credit Union Live! North Chesterfield, VA) has bought the naming rights to the outdoor amphitheater at the Richmond Raceway with 6,000 covered seats. The terms of the agreement were not disclosed. Read the story. Branding Naming Rights

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

Virginia Credit Union Realty CUSO Launches Division to Serve Nonmembers

Keith Leggett's Credit Union Watch

A credit union service organization owned by Virginia Credit Union (Richmond, VA), Virginia CU Realty, has launched a new division, Virginia Select Realty, to serve nonmembers. Read more. Credit Union Service Organization Nonmembers

Google’s Drone Delivery Unit Wing Gets Nod By FAA

PYMNTS

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.

Google 194

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