Virginia community bank cuts 12% of its staff


New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."


Another bank merger is delayed because of coronavirus outbreak


Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic.


Southern National in Virginia hires Dennis Zember as its next leader


Zember abruptly resigned as CEO of Ameris Bancorp last summer.


Pinnacle Bankshares in southern Virginia to buy rival lender


The company will pay $29 million for Virginia Bank Bankshares.


Truist rivals eager to poach clients but will have to wait


For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.


Activist investor pressures Virginia bank to sell


Driver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.


Bay Banks hires former BB&T market president for new strategic post


Michael Troutman will serve as chief revenue officer at Bay Banks of Virginia, where he will advise management and the board on growth opportunities.


Looking back at 2019's community bankers to watch


One found a buyer, another announced plans to retire, and others took steps to reinvent their banks.


NCUA follows bank regulators’ lead on home appraisals


A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.


Sandy Spring to buy wealth manager in Northern Virginia


The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.