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Appalachian Community Capital announces new CEO
Christiansburg-based financial institution Appalachian Community Capital has named Daniel Wallace its next president and CEO.
2025 Virginia Business Person of the Year: John Asbury | Atlantic Union Bank
Atlantic Union CEO John Asbury is Virginia Business’ 2025 Business Person of the Year, recognized for leading the bank’s growth.
FDIC files counterclaim against Capital One in special assessment case
This week the Federal Deposit Insurance Corp. filed a counterclaim against McLean-based bank Capital One, National Association, which is suing the FDIC for its 2023 special assessment of $474 million against the bank.
JOHN C. ASBURY
PRESIDENT AND CEO ATLANTIC UNION BANKSHARES CEO, ATLANTIC UNION BANK HENRICO COUNTY
Former Richmond Fed President Broaddus dies at 86
J. Alfred “Al” Broaddus, Jr., former president of the Federal Reserve Bank of Richmond died Sunday, Oct. 26, in his hometown of Richmond.
Freedom First credit union CEO to retire in 2026
Freedom First CEO Paul Phillips will retire in 2026. CFO Linda Johnson will succeed him at the Roanoke-headquartered credit union.
United Bank hires Charlottesville market president
Stuart Macfarlane is United Bank’s new Charlottesville market president. The Fairfax-based bank announced his role in late September.
Hampton Roads Business 2025: Executive Insights
Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as changing trade policy, regional cooperation and workforce training. PAT DAVIS-HAGENS Market president, Bon Secours Hampton Roads, Suffolk How does Bon Secours assess where to open new facilities, like the hospital in Suffolk […]
TowneBank grows market share via M&A
TowneBank is once again the leader in the Hampton Roads banking market, holding a nearly 30% share as of June 2024. That’s set to grow quickly. Towne’s $203 million acquisition of Norfolk-based Old Point National Bank of Phoebus and its parent company closed in September. In August, TowneBank announced it plans to acquire North Carolina’s […]
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.
