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Banking | Finance 2025: ROBBINS, KEVIN
When considering whether to invest, Robbins takes a long look at the entrepreneur behind the venture. “We have to get the read right on partnering with exceptional founders who want to get better and who will welcome our advice, counsel and experience,” he says. Robbins has had a while to figure out this recipe for […]
Banking | Finance 2025: SMITH, GREGORY S.
An Arizona native, Smith moved to Virginia in 1994. After completing a master’s degree in psychology at George Mason University, he earned a certificate in financial planning from the Florida Institute of Technology’s Virginia campus. Later, he received a master’s degree from the College for Financial Planning. Smith put together the Wise Investor Group’s financial [&hellip[...]
Banking | Finance 2025: JOHNSON, JERMAINE
Johnson leads operations in Virginia and the Washington, D.C., metro area for Pittsburgh-based PNC Financial Services Group, one of the nation’s 10 largest banks, with assets of about $554.7 billion. In May, Johnson, who joined PNC in 2005 as a vice president, joined in a celebration marking the 20th anniversary of the Fortune 500 bank […]
Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud
President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.
Averett plans $18.15M sale-leaseback of North Campus
Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M sale-leaseback of its North Campus
Judge orders Averett dispute to arbitration
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
PRA Group’s new president and CEO takes reins
Martin Sjolund became PRA Group's president and CEO this week, succeeding Vikram "Vik" Atal at the Norfolk-based business.
Farm Credit of Virginias CEO to retire
Brad Cornelius will retire in late 2025 after leading Farm Credit of the Virginias for five years. He grew the cooperative's loan portfolio to $2.3B and 12,500 customer-owners.
Hampton University gets new CFO
Hampton University has tapped Robert Pompey as its new chief financial officer and senior vice president for business and finance, Hampton University President Darrell K. Williams announced April 16. As CFO, Pompey will oversee the HBCU’s financial operations, including budgeting, investments, financial reporting and long-term fiscal strategy. He will also provide oversight over human resour[...]
Nasdaq holds off delisting Primis Financial until May decision
Nasdaq will wait for the results of a May hearing before delisting McLean-based bank holding company Primis Financial, the company said Monday. Primis Bank announced last week that it had received notice from the stock exchange April 3 that the company was out of compliance with one of Nasdaq’s rules that requires listed companies to […]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion of TowneBank’s $120 […]
TowneBank finalizes $120M acquisition of Village Bank
Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave “overwhelming support” for the merger at a special meeting held in December […]
