Virginia

Union Bankshares in Richmond, Va., will open a loan production office after hiring a team that worked at NewBridge Bancorp.

The $2.5 billion-asset company disclosed in a regulatory filing Friday that Martyn Pell, president of its First Community Bank, had resigned, effective immediately.

First Citizens BancShares in Raleigh, N.C., has agreed to buy Cordia Bancorp in Midlothian, Va.

The biggest investor in Middleburg Financial plans to withhold support for the company's director nominees.

An online student loan refinancing business that was recently spun off from a Virginia bank has been rebranded as Purefy Inc.

Middleburg Financial in Middleburg, Va., is facing pressure from its biggest shareholder to find a buyer.

To date, only a handful of banks have become benefit corporations, but experts believe the number could rise as regulators become more comfortable with the concept.

Hampton Roads Bankshares in Virginia Beach juggled a search for a new chief executive while also arranging for its eventual merger with Xenith Bankshares in Richmond, Va.

Union Bankshares in Richmond, Va., has agreed to buy Old Dominion Capital Management in Charlottesville, Va.

Blue Ridge Bankshares in Luray, Va., has agreed to buy River Bancorp in Martinsville, Va.