News Topic: Virginia

The private-equity firms, which invested in a predecessor to Union Bancshares in May 2010, sold their shares for a total of $301 million. ... Read full article

Marathon International Bank would target the Ethiopian community with specific advertising and educational programs. ... Read full article

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships. ... Read full article

Carter Bank & Trust’s founder shunned internet banking and handled most executive duties himself. He died in April and his successor, Litz Van Dyke, is now working at breakneck speed to modernize this once-hidebound Virginia bank. ... Read full article

Bank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares. ... Read full article

Outsiders gained access to customer information at Southern National Bancorp of Virginia using a malicious email. Other financial institutions, meanwhile, are implementing policies in hopes of avoiding the same fate. ... Read full article

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan. ... Read full article

The addition of John Stallings, who ran SunTrust's Virginia operations, is intended to make Union a more nimble institution, allowing CEO John Asbury to spend more time on strategic planning. ... Read full article

Atlantic Bay Mortgage Group has agreed to buy a majority stake in Virginia Community Bank in a rare instance of a nondepository mortgage company buying a bank, rather than the reverse. ... Read full article

Union Bankshares in Virginia lost several key lending officers after it bought StellarOne. Management as a result has made changes to minimize employee flight from its latest M&A target, Xenith Bankshares. ... Read full article

The $231 million-asset bank in Virginia will also double its legal lending limit when it buys CCB Bancshares. ... Read full article

The Virginia company told investors that Morgan Davis, its president, will soon succeed founding CEO Robert Aston, who is retiring. ... Read full article

Portable digital identities could improve customer experience, cut costs and generate revenue for banks. But who’s on the hook when something goes wrong? ... Read full article

Movement Mortgage, which is looking to ramp up lending, recently recapitalized First State Bank in Danville, Va. ... Read full article

Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s. ... Read full article

Union agreed to pay $701 million for Xenith in a deal that is expected to close early next year. ... Read full article

The Maryland company agreed to pay $489 million in stock in a deal that is expected to close in the fourth quarter. ... Read full article

TowneBank's acquisition of Paragon Commercial Bank would give it access to several North Carolina markets. ... Read full article