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Lisa Morgan. Photo courtesy Atlantic Union Bank
Mar 20, 2024

Atlantic Union names new Hampton Roads president

Richmond-based Atlantic Union Bank has named Lisa Morgan its new Hampton Roads market president, the Richmond-based bank announced Monday. Morgan will also continue to hold the role of wealth relationship director with the bank’s wealth consulting group, a position she has held since she joined Atlantic Union Bank in 2021. Morgan will be the first […]

Todd Murray. Photo courtesy Ridge View Bank
Jan 10, 2024

Ridge View Bank hires new SVP for New River Valley

Ridge View Bank has hired Todd Murray as senior vice president of commercial banking in the New River Valley, the Roanoke-based bank announced Wednesday. Murray will lead an expansion of bank’s commercial banking services in the New River Valley and will be responsible for loan and deposit production, collaborating with the bank’s treasury, private banking […]

Atlantic Union Bank President and CEO John Asbury
Dec 7, 2023

CFBP fines Atlantic Union Bank for overdraft program

The Consumer Financial Protection Bureau fined Richmond-based Atlantic Union Bank on Thursday for illegally enrolling thousands of customers in checking account overdraft programs, according to a news release. The enrollments took place between 2017 and 2020, according to the bank. The bureau found that Atlantic Union, a subsidiary of Atlantic Union Bankshares, misled consumers who […]

E. Neil Burke will become president of Benchmark Bankshares and CEO of the company and Benchmark Community Bank on Jan. 1, 2024. Photo courtesy Benchmark Bankshares.
Nov 27, 2023

Benchmark Community Bank, parent announce next CEO

Kenbridge-based holding company Benchmark Bankshares and its bank, Benchmark Community Bank, will have a new leader at the start of the new year. Jay A. Stafford, president and CEO of the holding company and CEO of Benchmark Community Bank, will retire Dec. 31. He will also retire from the bank’s and company’s boards of directors, […]

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Sep 28, 2023

Bank of America names new Hampton Roads president

Tyrone Noel has been named president of the Hampton Roads region for Bank of America, the bank announced Thursday. As president, Noel will lead 500 employees and operations across the Hampton Roads market and be responsible for growing market share and driving integration across the bank’s eight business lines. He will also lead the bank’s […]

Sep 26, 2023

Wells Fargo to launch $87M expansion in Roanoke County

San Francisco-based Wells Fargo will spend $87 million to modernize and expand its Roanoke County customer support center, adding 1,100 jobs in a deal that will make the bank the county’s largest employer. The deal is also the largest project employment announcement in the county’s history, as well as its largest commercial office investment, Gov. […]

“If you haven’t been ... in a room where you’re the only one that looks like yourself, it can be a challenge,” says Thomas Ransom, Virginia regional president for Truist Financial Corp. Photo by Shandell Taylor
Jul 30, 2023

Building equity

When BB&T recruited Thomas Ransom, a Black economics student at Hampden-Sydney College, to join its management development program in the late 1990s, he quickly had to pick up the world of banking and its culture.  The Urbanna native says he’d never met a banker before starting at BB&T and certainly didn’t know what moves to […]

Ernest Piccioli. Photo courtesy TowneBank.
Jun 12, 2023

TowneBank hires chief risk officer, senior EVP

Suffolk-based TowneBank appointed Ernest Piccioli as senior executive vice president and chief risk officer, the bank announced Monday. Piccioli is based at TowneBank’s headquarters. As chief risk officer, he will be responsible for governance of the company’s risk programs and oversee risk management, vendor management, credit review and appraisal services. “Having Ernest aboard as [...]

G. William "Billy" Beale
May 8, 2023

Blue Ridge Bank names CEO

G. William “Billy” Beale became CEO of Blue Ridge Bank National Association on Sunday, giving the bank a leader separate from that of its parent company, Charlottesville-based Blue Ridge Bankshares Inc. “I am excited to have the opportunity to join this team at a critical time in the banking industry,” Beale said in a statement. […]

Barkin: Raising interest rates is correct course
Mar 30, 2023

Barkin: Raising interest rates is correct course

As inflation remains high and the fallout from recent bank failures seems contained, the Federal Reserve Bank has good reason to continue raising interest rates, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday in a speech to the Virginia Council of CEOs at the University of Richmond. “It is worth remembering that not […]

Transportation: ED ALDRIDGE
Mar 14, 2023

Layne, Perry named to TowneBank corporate board

Suffolk-based TowneBank has named Aubrey L. Layne Jr., executive vice president of governance and external affairs for Sentara Healthcare, and Suburban Capital founder and CEO Christopher Perry to its corporate board of directors, the bank announced Tuesday. Layne, who chairs the Virginia Port Authority’s board of commissioners and formerly served as state secretary of finance […]

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Mar 13, 2023

Va. bankers say they’re not worried by SVB collapse

Last weekend was pretty tense for bankers, even for those leading institutions quite distant and different from Silicon Valley Bank, which Friday became the second largest bank to fail in U.S. history. Federal regulators shut down SVB after a run on the bank. By Sunday, regulators also shut down New York’s Signature Bank, which became […]

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