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Virginia National Bank

“It’s very difficult to find a $1 billion bank” in the Richmond region, says Rex L. Smith III, president and CEO of Henrico County-based Community Bankers Trust Corp., which is being acquired by West Virginia-based United Bankshares Inc. “They’ve either been gobbled up or they don’t exist.” Photo by Shandell Taylor
Jul 30, 2021

Come together

Virginia is seeing a wave of bank mergers and acquisitions, a trend that could intensify, banking experts say. “We could potentially see a record-setting year for bank mergers and acquisitions,” says John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares Corp. and chairman of the Virginia Bankers Association. Banks are reaching for scale, meaning […]

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