Virginia

Union in Va. adds heft in wealth management with latest acquisition

01/30/18

The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.

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Carlyle, Anchorage cash out of crisis-era bank investment

01/26/18

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

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Group plans Washington bank with Ethiopian-American focus

01/25/18

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

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One community bank’s novel approach to auto lending

01/05/18

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

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New CEO's challenge: Bring bank into 21st century

12/29/17

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.

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Virginia bank changes names after recent acquisition

11/15/17

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

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How a phishing scam tripped up a Va. bank

11/10/17

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.

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12 markets hit hardest by slashing the mortgage interest deduction

11/09/17

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.

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Union Bankshares in Va. hires SunTrust exec to run its bank

09/06/17

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.

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As banks exit mortgage lending field, a nonbank buys into it

07/26/17

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.

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