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New president and CEO of Towne Financial Services Group named
Brian Skinner will oversee all non-bank departments
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Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include overseeing the company’s mortgage, insurance, realty and
Old Point Trust begins search for new chief
CEO Eugene Jordan II will transition to general counsel for parent company
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Old Point Trust & Financial Services President, Chairman and CEO Eugene M. Jordan II will become general counsel and corporate secretary for the Hampton-based wealth management services provider’s parent company, Old Point Financial Corp. Jordan, who has been Old Point Trust’s president and CEO for 19 years, will remain in his position as he aids
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Navy Federal Credit Union names new executive
Keith Hoskins takes over branch operations for Vienna-based credit union
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Retired U.S. Navy Capt. Keith Hoskins was named executive vice president of branch operations for Vienna-based Navy Federal Credit Union in February, the member-owned nonprofit announced this week. Hoskins, a former Blue Angels pilot who served 27 years in the Navy, had served as lead executive for Greater Pensacola Operations since April 2019. Hoskins succeeds
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 include: the issuance of a Virginia state bank charter from the Virginia State Corporation Commission and the Virginia Bureau of Financial Institutions; deposit insurance from
The Brink’s Co. purchases largest private ATM services provider for $213M
Based in Dallas, PAI Inc. has a fleet of 100,000 U.S. ATMs
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Henrico County-based The Brink’s Co. has purchased PAI Inc., the largest privately held ATM services provider in the nation, for $213 million, the company announced Tuesday. The closing date was April 1, and the acquisition was financed using available cash and Brink’s existing credit facility, according to a news release. Brink’s, which offers secure cash
Blue Ridge Bank hires first chief development officer
Taps banking veteran Steve Farbstein for new role
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Steve Farbstein has left his position at Cornerstone RPO to become Blue Ridge Bank’s first chief development officer, the bank recently announced. Farbstein will be responsible for marketing, employee development and growing and maintaining lines of revenue at the bank, a subsidiary of Charlottesville-based Blue Ridge Bankshares Inc. — which completed a merger in February with
PPP loans deadline extended to May 31
Move takes pressure off banks, businesses and backlogged SBA
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Businesses and banks received a two-month extension to apply for Paycheck Protection Program loans this week, as President Joe Biden signed legislation delaying the deadline for the latest round of PPP loans from March 31 to May 31. This week’s extension takes some of the pressure off bankers and businesses, says Steve Yeakel, president and
Virginia National Bank finalizes merger with Fauquier Bank
Merged bank will begin trading April 5 on Nasdaq Capital Market
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The parent company of Virginia National Bank announced the completion of its merger with Fauquier Bankshares Inc. today, creating a combined bank with $1.7 billion in assets and $1.5 billion in deposits as of Dec. 31, 2020. The merger, announced in October, brings together Charlottesville-based Virginia National Bankshares Corp. and the Warrenton-based parent company of
Sonabank and parent company rebrand as Primis
Southern National Bancorp of Virginia Inc. is now Primis Financial Corp.
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A new vision for the company prompted Sonabank to rebrand itself as Primis Bank, company president and CEO Dennis J. Zember Jr. said Wednesday in a statement about the change. “The new vision centers around being innovative in the way we deliver more meaningful results to our customers and our shareholders,” he said, “and doing
Va. extends income tax deadline to May 17
State follows IRS' lead in delaying filing, payment date
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Virginia will also extend its income tax filing and payment deadline to May 17, following the lead by the Internal Revenue Service, which announced a similar delay this week. Gov. Ralph Northam said in a statement Friday that the state tax deadline will move from May 1 to May 17, affecting only individual income taxes