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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.
C&F Financial Corp. completes Central Virginia Bank acquisition
Combined organizations will have $1.4 billion in assets.
Capital One completes sale of Best Buy credit-card accounts
Mclean-based company may soon start $1 billion share repurchase program.
Franklin Financial to repurchase up to 612,530 shares
It is the parent company of Franklin Federal Savings Bank.
Capital One to acquire Beech Street Capital
Maryland based company is the nation’s sixth-largest multifamily, commercial real estate loans originator.
Eastern Virginia Bankshares prepays advances from the Federal Home Loan Bank
Bank officials said the move will eliminate an estimated $4.5 million in annualized interest cost.
Pruning the branch
As mobile and online banking increases, foot traffic at bank branches nationally is decreasing.
Remember Signet and Crestar?
Richmond-based Union First Market Bank and StellarOne Corp. of Charlottesville, announced will merge.
