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TowneBank to acquire Farmers Bank
Deal valued at about $56M
Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year.
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Va. Credit Union loses bid to expand membership
SCC rules VACU can't add 10K Medical Society of Va. members
Published
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between
Old Point National Bank appoints VP operations
Christopher Hobbs comes from U.Va. Community Credit Union
Published
Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old
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TowneBank acquires Tennessee cabin rental company
Venture Resorts manages 400 vacation rental properties in Smoky Mountains
Published
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting
Congratulations to the 2021 Virginia CFO Awards winners!
Watch our video presentation for this year's nominees, finalists and winners
Published
Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer
BDO USA names Hampton Roads market leader
Ed Amorosso has been with accounting firm since 2016
Published
Accounting firm BDO USA LLP announced Thursday that Edward Amorosso has been named market leader for the company’s Hampton Roads market, a promotion from his previous position as the Norfolk
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Deal would create 38th largest bank in U.S.
Published
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United
Harbor Group International closes $558M loan obligation
Norfolk firm plans to manage CLOs, make bridge loans
Published
Norfolk-based real estate investment and management firm Harbor Group International LLC has closed a $558 million commercial real estate collateralized loan obligation (CRE CLO), the company announced Wednesday. The deal,
Virginia Credit Union League names new president
Carrie Hunt joins league from National Association of Federally-Insured Credit Unions
Published
The Virginia Credit Union League has named Carrie Hunt as its next president, effective June 1 , the state trade association for not-for-profit, member-owned credit unions announced Thursday. Hunt replaces
Reston-based Bowman Consulting Group raises $51.7M in IPO
Stock fluctuated between $12 and $15 Tuesday
Published
Reston-based civil engineering company Bowman Consulting Group Ltd. has raised $51.73 million in its initial public offering that closed Tuesday, selling 3.69 million shares at $14 a share since Friday.