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An overview of Hampton Roads
Home to 1.79 million people across 17 localities, Hampton Roads is Virginia’s second most populous region, just behind Northern Virginia. It also boasts the commonwealth’s biggest city by population: Virginia Beach, with an estimated 457,066 residents. Nearby Norfolk is the densest locality in the region, with 4,467 people per square mile, according to 2020 U.S. Census data. [&hellip[...]
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 […]
From the Editor: In this year’s Hampton Roads Business
This year’s edition of Hampton Roads Business takes a look at the impact on the region from a host of Trump administration policy changes on everything from trade to federal spending and restrictions on wind energy. In this issue’s main feature, local freelance journalist Jim Morrison finds that while regional business leaders are concerned about […]
Whistleblowers amend complaint against Sentara
Whistleblowers last week filed an amended complaint accusing Sentara of improperly inflating 2018–2019 insurance rates.
Port of Virginia sees 8.7% drop in cargo traffic
The Port of Virginia has seen a decline in shipping container volumes in recent months, amid President Trump's trade war.
ODU hires new VP for national security initiatives
Old Dominion University announced last week that it has named Marty Irvine Jr. as its inaugural associate vice president for National Security Initiatives/
Norfolk Airport cancels development contract for 165-room hotel
The Norfolk Airport Authority recently canceled a contract to develop a 165-room hotel due to an alleged contract violation.
Dollar Tree promotes exec to chief merchandising officer
Dollar Tree announced Tuesday that Brent Beebe will be promoted to chief merchandising officer effective April 2026.
Retired Coast Guard captain is new Christopher Newport biz school dean
Anna W. Hickey, a retired U.S. Coast Guard captain, will become dean of CNU’s Joseph W. Luter III School of Business.
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.
Trump administration withdraws $39.27M for Norfolk offshore wind project
The Trump administration withdrew $39.27 million in federal funding that had been awarded for an offshore wind logistics port in Norfolk.
Former Smithfield Foods CEO and chairman dies at 86
Former Smithfield Foods Chairman and CEO Joseph Williamson Luter III passed away last week at the age of 86.
