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TowneBank completes $203M acquisition of Old Point
TowneBank has closed its $203 million acquisition of Hampton-based Old Point National Bank of Phoebus and its parent company.
TowneBank to acquire N.C. bank for $476M
Suffolk-based TowneBank announced Tuesday that it has signed an agreement to acquire North Carolina-based Dogwood State Bank for about $475 million.
MSI opens $61.6M Suffolk distribution center
MSI, a California-based flooring, countertops, and tile supplier, opened its $61.6 million East Coast distribution facility in Suffolk.
Sentara reorganizes to market-based model
Sentara Health has changed its operating model to a regional market-based system, the Virginia Beach-based health system announced May 13.
Bon Secours opens Harbour View hospital in Suffolk
Bon Secours on Tuesday will officially open its new $80 million 100,000 square-foot Harbour View Medical Center in Suffolk.
New logistics centers boost Virginia’s supply chain edge
Four major logistics hubs, including Amazon and Port 460, open across Virginia in 2024, enhancing East Coast distribution and supply chain access.
Chesterfield’s Atlantic Constructors Inc. acquired by Texas co.
One of the U.S.’s largest providers of mechanical services, Texas-based TriplePoint MEP, has acquired Chesterfield County-based Atlantic Constructors Inc. (ACI), according to a Monday announcement. ACI, which provides mechanical, electrical, plumbing and fire protection products and services, also has locations in Roanoke, Suffolk, Sterling, and Wilmington, North Carolina. A request for comm[...]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion of TowneBank’s $120 […]
TowneBank finalizes $120M acquisition of Village Bank
Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave “overwhelming support” for the merger at a special meeting held in December […]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank‘s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which will still be known as TowneBank, will […]
Retired Naval Station Norfolk commander is new Suffolk econ dev chief
Retired Navy Capt. Janet H. Days, who retired last year as commanding officer of Naval Station Norfolk, the world’s largest naval station, will be taking on a new tour of duty in February as director of Suffolk‘s economic development department, the city announced Wednesday. She’ll start her new job Feb. 7, according to the announcement. […]
TowneBank to acquire Village Bank for $120M
Suffolk-based TowneBank has signed a definitive agreement to acquire Midlothian’s Village Bank and its parent company, Village Bank and Trust Financial, a deal worth approximately $120 million, the banks announced Tuesday. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” TowneBank Executive Chairman G. Robert Aston Jr. said […]
