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Cardinal Financial Corp. gets regulatory approvals for Business Bank acquisition
Company plans to close on $51.7 million deal by Jan. 15.
Union First Market Bankshares buys a 20 percent stake in The Payments Co.
Richmond-based TPC provides electronic payments to vendors.
Cary Street Partners LLC acquires Texas wealth management firm
RiverStone deal is part of Richmond company’s growth strategy.
Capital One honored by National Gay & Lesbian Chamber of Commerce
Company named Corporation of the Year for supplier diversity
Mortgage rates fall on weak economic news
Mortgage rates fell this week on reports of weak manufacturing growth and declines in the consumer price index and inflation, according to McLean-based Freddie Mac.
Private equity firm to acquire Wealthcare Capital Management
Founder David B. Loeper, the company’s chairman and CEO, to retire.
John Marshall Bank raises $32.4 million in public offering
Reston-based financial institution is selling 2.4 million shares at $13.50 a share.
Firing Fannie and Freddie
Five years ago, the U.S. government took over the Federal National Mortgage Association and Federal Home Loan Mortgage Corp. in a $175 billion bailout during the height of the financial crisis. Now, “Fannie Mae” and “Freddie Mac,” as they’re known, respectively, are back in the black.
Charter One bank expands home lending business to Virginia
Services will be offered at new office in Glen Allen.
John Marshall Bank begins offering of up to 2 million shares
Common stock will be priced at $12.50 to $13.50 per share.
American National sees 16.6 percent growth in net income
Loan portfolio shows growth for third consecutive quarter.
Popularity of mobile banking is growing
Survey finds many people prefer it over phone and mail.
