Virginia

John Neal will retire later this year as president of Union Bank & Trust in Richmond, Va. Neal, 66, will step down on Dec. 31 after 24 years at the $7.5 billion-asset bank.

Park Sterling in Charlotte, N.C., has agreed to buy First Capital Bancorp in Glen Allen, Va.

Cardinal Financial made a big push into wealth management a decade ago. Today, it remains an inconsistent business, though management is optimistic about the future.

The $2 billion-asset company said in a press release Wednesday that Douglas Glenn resigned as president and chief executive. Glenn, who was 48 as of the company's April 27 proxy, also resigned as a director. He had been the chief executive since August 2011.

Old Point Financial in Hampton, Va., has selected its chairman's son as chief executive of Old Point National Bank of Phoebus.

Two community banks — Community Bankers Trust in Richmond, Va., and Charter Financial in West Point, Ga. — have reached early terminations of loss-share agreements with the Federal Deposit Insurance Corp.

Bank of Fincastle in Virginia has named Charles “Scott” Steele chief executive, after its longtime CEO retired.

Banks are seeing steady growth in consumer loan demand nationwide, particularly in auto loans and mortgages, according to a report released Wednesday by the Federal Reserve Board.

Compliance CUSO COMPASS 4 CUs LLC is celebrating its five-year anniversary this month with a modern twist — YouTube videos and hashtags.

Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.