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Old Point National Bank appoints VP operations
Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old Point family,” said Susan R. Ralston, executive vice president and chief operating officer for Old Point, in a statement. “[...]
TowneBank acquires Tennessee cabin rental company
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting development for Towne Vacations,” Brian Skinner, president and CEO of Towne Financial Services Group, the d[...]
Congratulations to the 2021 Virginia CFO Awards winners!
Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer Richard Foster. Watch the video below for this year’s nominees, finalists and winners in four categories: Small companies (fewer than 100 employees) Large companies (more […][...]
BDO USA names Hampton Roads market leader
Accounting firm BDO USA LLP announced Thursday that Edward Amorosso has been named market leader for the company’s Hampton Roads market, a promotion from his previous position as the Norfolk office’s managing partner and national co-industry leader in government contracting. Before joining BDO, Amorosso served as CEO[...]
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ […][...]
Harbor Group International closes $558M loan obligation
Norfolk-based real estate investment and management firm Harbor Group International LLC has closed a $558 million commercial real estate collateralized loan obligation (CRE CLO), the company announced Wednesday. The deal, HGI 2021-FL1, is the firm’s first CRE CLO, which is a security backed by commercial real estate loans. HGI’s CRE CLO consists exclusively of bridge […]
Virginia Credit Union League names new president
The Virginia Credit Union League has named Carrie Hunt as its next president, effective June 1 , the state trade association for not-for-profit, member-owned credit unions announced Thursday. Hunt replaces the league’s longtime leader, Richard Pillow, who will retire in June after 40 years with the association. Currently, [...]
Reston-based Bowman Consulting Group raises $51.7M in IPO
Reston-based civil engineering company Bowman Consulting Group Ltd. has raised $51.73 million in its initial public offering that closed Tuesday, selling 3.69 million shares at $14 a share since Friday. Sold under the symbol BWMN on the Nasdaq Global Market, shares traded between $12.60 and $14.90 as of Tuesday afternoon. After closing its sale of […]
Business bank opens in Virginia Beach
Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in Hampton Roads since 1998, it received regulatory approval last month. In January it announced that it raised more than $20 million in stock purchase c[...]
Two Virginia companies make 2021 LinkedIn Top Companies list
Virginia-based Fortune 500 companies Northrop Grumman Corp. and Capital One Financial Corp. are among the 50 best workplaces to grow your career, according to LinkedIn’s Top Companies List, released this week. Falls Church-based Northrop Grumman, which ranks No. 32 on the LinkedIn Top Companies list, was cited for a variety of mentorship programs for women. […]
New president and CEO of Towne Financial Services Group named
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include[...]
Old Point Trust begins search for new chief
Old Point Trust & Financial Services President, Chairman and CEO Eugene M. Jordan II will become general counsel and corporate secretary for the Hampton-based wealth management services provider’s parent company, Old Point Financial Corp. Jordan, who has been Old Point Trust’s president and CEO for 19 years, will[...]
