A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.
A deal between a Hampton Roads bank and a struggling bank in North Carolina would shake up rankings of the state’s largest community banks.
The future direction of a local bank could be decided today at a Holiday Inn.
In the midst of planning a stock offering to raise sorely needed capital, a local bank received notice from Nasdaq that the value of its shares has been too low for too long.
The recession forces another bank into a turnaround agreement.
As it works its way through a turnaround plan with regulators, a Richmond-based bank closes one of its two branches.
Those billboards that ask, “Is it so wrong to love a bank?” may expanding their reach even further in Virginia.
Central Virginia Bankshares received shareholder approval last week to move forward to the next phase of raising $15 million in fresh capital.
Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is in better financial shape, the company said in an SEC filing.
The troubled Norfolk-based successor of Bank of Richmond yesterday became the latest bank to enter into an agreement with federal and state regulators by which it must devise a turnaround plan.