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Truist’s new branding reflects BB&T and SunTrust merger
Truist Financial Corp. has unveiled a new logo and other branding following the completion of the December 2019 merger of Branch Banking and Trust Co. (BB&T) and SunTrust Banks Inc. “Our visual brand identity speaks to the importance of human touch and dynamic technology in delivering trusted solutions to our clients,&[...]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Bay Banks of Virginia names new executive VP
Michael H. Troutman was hired as executive vice president and chief revenue officer of Richmond-based Bay Banks of Virginia Inc., holding company for Virginia Commonwealth Bank and VCB Group Inc., the bank announced Thursday. Troutman has been in banking for 18 years and in his new role will be responsible for revenue-generation[...]
Old Dominion National Bank taps new board members
Tysons-based Old Dominion National Bank announced three new members of its board of directors Wednesday. The new board members include Jim Abdo, president and CEO of Abdo Development, a Washington, D.C.-headquartered development company that specializes in adaptive re-use of urban properties in the capital region; Jennifer Bogne[...]
Truist names three Virginia regional bank presidents
Truist Financial Corp., the Charlotte, North Carolina-based mega bank created in December following the merger of BB&T and SunTrust, announced Tuesday it has named 24 regional presidents, three of whom will oversee the Virginia market. “Our ability to leverage our unique community model with its decentralized, regional str[...]
Oral arguments set for Virginia Credit Union, bank dispute
Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments […]
Atlantic Union Bank donates building to Bowling Green
Richmond-based Atlantic Union Bank has donated a 480-square-foot building to the Town of Bowling Green, which will use it as the town’s new economic development office, the bank announced Monday. Atlantic Union Bank traces its origins back to the Caroline County Bank, which opened in Bowling Green in 1902 and later became [...]
Martinsville’s Carter Bank & Trust taps two senior VPs
Martinsville-based commercial bank Carter Bank & Trust promoted two long-time employees to senior leadership positions, the bank announced Tuesday. Former senior finance officer Andy Meece has been promoted to senior vice president and has been with the bank since 2006. Meece works in financial forecasting and modeling and serves as the chairman of the […]
United Bank set to merge with CresCom bank in $1B deal
United has 60-plus locations in Virginia.
Farm Credit of the Virginias buys Staunton building
The agricultural lender purchased the 18,750-square-foot building for $1.2 million from Atlantic Union Bank.
Ralph Sampson stars in regional bank commercial
Atlantic Union Bank ad features U.Va. basketball legend
New kids on the block(chain)
This volatile new financial sector has been a roller coaster journey of high hopes, altered plans and sobering realizations.
