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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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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
Va. hotel revenues still lagging pre-pandemic levels
June revenues decreased 22% compared with June 2019
Published
Virginia hotel revenues for June 2021 were down 22% compared with pre-pandemic levels in June 2019, according to newly released data from STR Inc., a CoStar Group division that provides
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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
Northam appoints members to newly created cannabis boards
Boards will regulate cannabis market and manage equity fund
Published
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation
Breeden Co. names three new executives
Two promoted, one hired as VPs
Published
The Breeden Co., the Virginia Beach-based real estate firm, announced last week it has promoted two people to become vice presidents, as well as hiring a third person as a
Newport News hotel sold for $5.3 million
Comfort Inn is located at Patrick Henry Mall
Published
The Comfort Inn hotel at Newport News’ Patrick Henry Mall has been sold for $5.3 million, Grand Bay Advisors announced earlier in July. The 123-room property will still be operated
Sentara Healthcare hires medical director of health equity
Dr. Keith H. Newby worked with Sentara on vaccine campaigns
Published
Sentara Healthcare has hired Dr. Keith H. Newby as an independent contractor to serve as the system’s medical director of health equity. He will work on expanding plans and initiatives
Va. Beach KFC building sold for $2.4M
Restaurant will become new Cook Out location
Published
A KFC restaurant in Virginia Beach will become a Cook Out following its $2.44 million purchase by Cook Out – Virginia Beach Inc., Cushman & Wakefield | Thalhimer announced last
Hampton corporate campus sells for $1.95 million
Watson's Petroleum plans expansion
Published
Watson’s Petroleum Equipment Service Real Estate LLC, an entity connected with the petroleum service based in Hampton, purchased a 26,214-square-foot office, manufacturing and warehouse campus on 4.45 acres for $1.95