Chesapeake Bank ready to move into the Richmond market
Kilmarnock-based Chesapeake Bank plans to open its first Richmond-area branch next summer.
The new location, which will be the bank’s 13th branch, represents its initial move outside its current footprint in the Northern Neck, Middle Peninsula and Williamsburg.
The Richmond branch, a 7,500-square-foot building, will be located at 5501 Patterson Ave. in the Westhampton neighborhood of city’s affluent Near West End.
The bank’s application for the branch was approved on Nov. 6 by the State Corporation Commission Bureau of Financial Institutions and the Federal Reserve Bank of Richmond .
Chesapeake Bank has more than $600 million in assets and employs 200 people.