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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.
Investment advising in the AI era
When wealth advisers and clients meet these days, it’s likely an AI tool will join in some capacity. As seems true of every industry right now, artificial intelligence is transforming wealth management and, by virtue, the adviser-client relationship. It might be tempting to predict — as some analysts have — that AI could put advisers […]
Virginia advisers outline 2026 investing strategies
One of the great ironies of investing is that even as the stock market notches record highs as it has this year, investors know the good times inevitably cannot last. If 2025 overpromised on uncertainty stemming from a new presidential administration, it also underdelivered on volatility. Aside from a steep — albeit short-lived — stock […]
Langley Federal Credit Union taps new CEO
Langley Federal Credit Union announced that its board of directors has selected Gaurav Bhatia to be its new president and CEO.
Future accountants have new path to certification
Starting in 2026, Virginia will drop its 150-hour rule, allowing bachelor’s degree holders to become licensed CPAs after two years.
JOHN C. ASBURY
PRESIDENT AND CEO ATLANTIC UNION BANKSHARES CEO, ATLANTIC UNION BANK HENRICO COUNTY
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.
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 […]
Banking | Finance 2025: BRANCH, VICTOR K.
With more than 40 years of service at Bank of America, Branch has been president of the bank‘s Richmond market since 2015. Bank of America reported $27.1 billion in net income in 2024 and employs 213,000 people globally. The immediate past chairman of the Virginia Bankers Association board and a William & Mary alum, Branch […]
Banking | Finance 2025: FAW, GWEN
Faw, who has worked at Wells Fargo for three decades, was named regional executive for the bank‘s greater Virginia market, a territory that spans from Virginia Beach to Bristol, in 2024. A Bedford County resident, she is responsible for 93 branches and oversees more than 700 employees. Starting out as a bank teller in Bedford, Faw became […]
