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Chartway Credit Union names chief retail officer
Melissa Cade has been promoted to chief retail officer at Chartway Credit Union, Chartway announced Monday. Cade has been with the Virginia Beach-based credit union for 24 years, many spent working with branches. In her new role, she will oversee the strategy and leadership of branch and member care teams and continue to spearhead Chartway’s […]
Slowly bot surely
From health care to real estate and law, artificial intelligence is becoming an increasingly bigger part of many industries, with executives rolling out new tools and updating policies. Like other businesses, banks and credit unions too have been exploring this electronic frontier, although they’re pairing technological progress with caution. Even if you’re new to the […]
Virginia Credit Union, Member One announce merger
Chesterfield County-based Virginia Credit Union and Roanoke-based Member One Federal Credit Union announced plans to merge Thursday, a deal that would create the state’s third largest credit union, with a combined $6.7 billion in assets and 500,000 members. VACU is currently the fourth largest Virginia-based credit union, with $5.18 billion in assets, according to the […]
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 […]
NoVa Black Chamber of Commerce hires exec director
LeAnn White became the new executive director of the Northern Virginia Black Chamber of Commerce in November, the Tysons-based chamber announced Thursday. White has more than 20 years of banking sector experience. She was previously assistant vice president and business development officer at Fairfax-based FVCbank, according to her LinkedIn profile. Before that, White was a […]
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 […]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions [&hellip[...]
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, […]
Fed’s Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
Old Point National Bank hires new CFO
Hampton-based Old Point Financial has named Paul M. Pickett senior vice president and chief financial officer of Old Point National Bank, effective Oct. 24, the bank announced Wednesday. Pickett joins Old Point National Bank from Richlands-based First Sentinel Bank, a subsidiary of First Region Bancshares, where he had also been chief financial officer and senior […]
Atlantic Union CEO tapped as American Bankers Assoc. chair-elect
Atlantic Union Bankshares CEO John C. Asbury is the 2023-2024 chair-elect for the American Bankers Association. ABA announced its new board officers and directors on Tuesday, following its annual convention in Nashville, Tennessee. Asbury was the ABA’s 2022-2023 vice chair. He’s a past chairman of the Virginia Bankers Association and the Mid-Size Bank Coalition of […]
Primis Bank names new president
Rick A. Fulk has been promoted to president of Glen Allen-based Primis Bank, a wholly owned subsidiary of McLean-based Primis Financial, the bank announced Wednesday. “Rick’s promotion to president of our most important division is an exciting moment for our company and demonstrates our commitment to have the bank be the primary driver of our […]
