Virginia

Xenith Bankshares in Richmond, Va., had added a former chief executive of Amalgamated Bank to its board.

First Community Bancshares in Bluefield, Va., has sold four insurance offices.

Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.

Financial institutions may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of the business world. Credit unions and banks can both gather valuable demographic data from who clicks on their ads and better measure returns on their investments.

Bankers may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of the business world. Banks can both gather valuable demographic data from who clicks on their ads and better measure returns on their investments.

The $2 billion-asset holding company disclosed in a regulatory filing that its Xenith Bank reached an agreement Friday with Gateway Bank Mortgage in Wilmington, N.C., to sell certain assets to Cornerstone Home Lending, a multistate lender based in Houston.

Old Dominion National Bank in McLean, Va., has raised $20 million through a private stock offering.

Groups in North Carolina, Pennsylvania and elsewhere are stepping up efforts to create programs and conferences dedicated to younger bankers, including millennials.

Chesapeake Bank in Kilmarnock, Va., has endeared itself to its community, and its employees, by rewarding those who support area businesses.

Popular among employees: "Power meetings" ensure that each week has a focus at Chesapeake Bank. Small gifts and prizes are given for winning ideas expressed at the meetings. In addition, employees share success stories to inspire one another.

Community service initiative: Employee fundraisers last year helped create the HomeTown Community Fund, and going forward employees will be able to direct contributions from the fund to local charities of their choice.

Popular with employees: Old Point employees with excellent attendance for six months can earn extra time off.

Union Bankshares in Richmond, Va., said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO.

United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.

United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

Old Dominion National Bank in McLean, Va., has hired Stephanie Lykins-Harvey, formerly of Cardinal Bank in McLean, as director of retail banking.

Susan Ralston plans to stay with Dollar Bank after the Pittsburgh mutual absorbs Bank @tlantec in Virginia Beach, where she is CEO. The longtime executive also plans to keep pushing for reforms designed to preserve the mutual banking model.

Multiple acquisitions weighed down quarterly profit at TowneBank in Suffolk, Va.

Dollar Bank in Pittsburgh has agreed to buy Bank @lantec in Virginia Beach.

FVCBankcorp in Fairfax, Va., and Independent Bank Group in McKinney, Texas, are raising capital through private and public offerings of subordinated notes.