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Richmond leasing company announces promotions
Sam Corey, Will Forston and John Croney promoted at CSC Leasing
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Richmond-based equipment financing company CSC Leasing Co. announced Monday that it has promoted three executives. Sam Corey has assumed additional leadership responsibilities as head of the company’s vendor programs. He will continue to lead the credit and investment business function. He has been with CSC Leasing since 2008. Will Forston, formerly CSC Leasing’s director of
Capital Square names chief technology officer
Jeffrey Blount to expand Henrico real estate company's tech rollout
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Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground up
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Capital One taps new board members from Facebook, Nike
Ime Archibong and Craig Williams appointed to join McLean-based bank's board
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McLean-based Capital One Financial Corp. announced Tuesday the addition of two new members to its board of directors: Ime Archibong, head of new product experimentation at Facebook Inc., and Craig Williams, president of Jordan Brand at Nike Inc. Archibong and Williams have been appointed to fill two new seats on the board, and will stand
U.Va. Community Credit Union names chief lending officer
Joe Raichel joins the credit union from Wells Fargo
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The University of Virginia Community Credit Union announced Monday it has hired Joe Raichel as its first chief lending officer. With more than 23 years of experience in the financial services industry, Raichel most recently served as a senior vice president with Wells Fargo. He will report directly to U.Va. Credit Union President and CEO
Life preservers
Virginia banks helped companies secure vital PPP loans
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With small businesses struggling to tread water during the early, unpredictable days of the pandemic, the U.S. Small Business Administration in early April 2020 launched the initial $349 billion Paycheck Protection Program (PPP) relief fund to provide forgivable loans to help businesses stay afloat. Eligible businesses could use the funds to meet payroll costs and
MicroStrategy buys $1B+ in bitcoin
Tysons-based software company now has $4.5B in bitcoin holdings
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Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately $4.5 billion, valued at current rates of $49,884 per bitcoin. The enterprise software company’s
Martinsville credit union names chief information officer
Cheri Spence joins ValleyStar
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Martinsville-based ValleyStar Credit Union announced Thursday it has hired Cheri Spence as its first chief information officer. Spence joined the ValleyStar board of directors in 2019 as the result of a merger with Entrust Financial Credit Union, where she served as chairwoman. She most recently served as vice president and CIO of Richmond-based nonprofit ChildFund.
First Bank to acquire The Bank of Fincastle
Transaction to create bank with $1.2B in assets
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Strasburg-based First National Corp. (the bank holding company of First Bank) announced Thursday it will acquire The Bank of Fincastle. Financial terms of the transaction were not released, but the combined bank is expected to have approximately $1.2 billion in assets, $868 million in loans, $1 billion in deposits and 20 branch offices across Virginia.
PenFed expands partnership with The Washington Justice
Credit union partners with esports league
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Tysons-based PenFed Credit Union announced Tuesday it is expanding its partnership with The Washington Justice, the professional esports Overwatch League for the Virginia, Maryland and Washington, D.C., area, into a three-year sponsorship. PenFed, which is one of the nation’s largest federal credit unions, will be featured as an official Jersey Patch Partner for the team
Va. bank is first to allow customers to buy, redeem bitcoin at ATMs
Blue Ridge Bankshares opens ATMs with cryptocurrency access
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With cryptocurrency use on the rise, customers of Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, will now be able to purchase and redeem bitcoin at its ATMs, making them the nation’s first commercial bank to do so, the company announced Wednesday. Blue Ridge Bank cardholders can purchase and redeem bitcoin