Sign In
Free Newsletter
Trump family business sues Capital One for closing accounts in 2021
Just after Capital One escaped a federal watchdog lawsuit that was suddenly dropped last month, it’s back in legal hot water, this time courtesy of President Donald Trump’s family business. On March 7, multiple entities connected with the Trump Organization sued the McLean-based bank for terminating more than 300 Trump Organization bank accounts following the Jan. […]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced in October 2024, in their separate special […]
Banks, credit unions revisit in-person banking strategies
A former Village Bank branch in Chesterfield County is now a Dunkin’ doughnuts and coffee shop, complete with a drive-thru. Roanoke’s former First National Bank building has found new life as a 54-room boutique hotel. In Hampton, the former Bank of Hampton Roads building is a doggy day care. It’s true that bank customers do […]
Virginia 500 Spotlight: Tyrone Noel
MY ADVICE FOR NEW COLLEGE GRADS: Dream big. You can only reach your full potential if you stretch yourself. Also, embrace failure, and learn from it. A MOVIE THAT MADE AN IMPACT ON ME: “Moneyball.” Why? It takes courage to act. IF I HAD A TIME MACHINE, I’D MEET: Martin Luther King Jr. I’m [intrigued] […]
2025 Virginia Black Business Leaders Awards: Mark Johnson
Johnson’s perhaps best known as a community leader in Hampton Roads. In 2011, he started work with SunTrust, after 17 years with the United Way, and in 2019, SunTrust and BB&T merged, creating Truist. In 2023, he was promoted to his current post, helping fund nonprofit community organizations. In 2022, he was honored at the […]
2025 Virginia Black Business Leaders Awards: Clyde Clark Jr.
In addition to serving in Blue Ridge Bank’s middle market banking group, Clark is assistant treasurer of the Virginia Maritime Association board, board chair of the Urban League of Hampton Roads and past chair of the Chesapeake Economic Development Authority. Clark has worked in community banks for more than 30 years. FIRST JOB: Bagger/cashier at […]
2025 Virginia Black Business Leaders Awards: Melissa Cade
Cade was promoted to her current role in January 2024, after 24 years with the credit union as director of its call center, director of retail, regional president of branches and senior vice president of product and innovation. She now oversees Chartway’s branch and member care teams, as well as the credit union’s multicultural initiatives. […]
CFPB sues Capital One, claiming bank avoided paying $2B in interest
The Consumer Financial Protection Bureau has sued Capital One and its McLean holding company, Capital One Financial, alleging the companies cheated millions of consumers out of more than $2 billion in interest payments, the federal agency announced Tuesday. Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the […]
The First 100 Days: What to Expect
In anticipation of a new president taking office, BridgeTower Media spoke with experts across several industries — agriculture, banking and finance, energy, health care and manufacturing — to explore how the incoming Trump administration might affect those industries. The stories in this feature provide expert insights into what organizations can expect as a new administration […]
Banking and finance experts optimistic but cautious regarding new administration’s impact
The banking and finance industry could see gains under the incoming federal administration, those in the field say, with President-elect Donald Trump’s proposed plans of a lower-interest-rate environment coupled with lighter regulatory oversight on the horizon. They also note, however, that many proposals may never come to fruition or take some time before their impacts […]
Capital One, Discover clear hurdles for $35.3B megadeal
Announced in February, McLean-based Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services is moving forward, with stockholders’ votes scheduled early next year, the credit card giants announced this week. Capital One also announced Thursday it received approval from the Office of the Delaware State Bank Commissioner on Wednesday to complete the purch[...]
