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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
F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis
700 personnel and contractors plus 1,600 dependents to move to Hampton Roads
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The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to
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Hampton Roads sees small increase in active home listings
Listings of less than three days went up 24% year over year
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The Hampton Roads area saw growth in new home listings, pending sales and settled sales in May 2021 compared to May 2020, the Real Estate Information Network Inc. reported in
Rolling out the red carpet
Tourism destination branches into tech, offshore wind
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With high-speed subsea internet cables landing on Virginia Beach’s shores and massive wind turbines propelling off its coast, the state’s largest city is primed to welcome new businesses and industries
Business bank opens in Virginia Beach
Integrity Bank for Business is Hampton Roads' first new community bank since 1998
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Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in
Hampton Roads bank receives regulatory approval
Integrity Bank for Business plans to open in May
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Integrity Bank for Business, a new bank forming in Virginia Beach, has received all necessary regulatory approvals to open for business as a bank, it announced Wednesday. The approvals obtained
Hotel revenues down 39% in February
Rooms sold declined 23%, ODU reports
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Virginia hotel revenues for February 2021 declined by 39% compared to February 2020, according to data released Thursday by STR Inc., a CoStar Group division that provides market data on
Elizabeth River Project receives $2.1M naming gift
Pru and Louis Ryan’s donation largest in organization’s history
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The nonprofit Elizabeth River Project announced Thursday that it has received a major naming gift of $2.1 million from Norfolk’s Pru and Louis Ryan. The gift, the largest in the
Breeden buys $3.5M Newport News site for apartments
5-acre parcel located in Huntington Pointe development
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Breeden Investment Properties Inc. purchased a 5.06-acre land parcel to build a 176-unit apartment complex in the 200-acre Huntington Pointe residential development. The Virginia Beach-based commercial real estate development company