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Virginia suing 13 banks for $1.15 billion
Attorney general says they misled the state retirement system about buying high-risk mortgage-backed securities.
MainStreet BankShares to merge with American National Bankshares
Deal would extend American National’s branch network into Franklin County and Smith Mountain Lake area.
Still growing strong
Passage of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2012 in response to housing and financial crises has hit smaller, local financial institutions hard.
Virginia millennials feast on fast food
Report ranks commonwealth No. 4 in the nation in a report on a generation's 'guilty pleasures.'
TowneBank to acquire Franklin Financial Corp. in $275 million deal
Deal would give Hampton Roads-based bank entry into the Richmond market and boost its assets by $1.1 billion.
U.S. mortgages rates show little change
Survey by McLean-based Freddie Mac shows slight dip in two types of home loans.
Women increasingly contributing to family wealth
Trend cited in survey especially notable in the Washington, D.C., area.
Union Bankshares Corp. named to the stock index
Richmond-based company willed be added to NASDAQ Financial-100 Index before the market opens on Monday.
Genworth Australia to offer 220 million shares in an initial public offering
IPO will involve 34 percent of mortgage insurance business’ outstanding ordinary shares.
Union First Market Bank completes conversion of StellarOne Bank operations
Switch required changing 260,000 customer files, 80,000 debit cards and more than 700 signs.
Wheeler REIT announces pricing of preferred stock and warrants
Move is expected to generate $18 million.
Union First Market Bankshares Corp. changes its name
Virginia’s largest community banking company is now Union Bankshares.
