Virginia

After bringing in a new leader and overhauling its board, Freedom Bank in northern Virginia is looking at digital upgrades and expansion into new markets to stay relevant.

Blake Edwards Jr. will take the helm at the parent of Skyline National Bank when J. Allan Funk retires next month.

The Virginia company said that Carolina State Bank is on pace to open later this month.

By creating corporate governance courses for prospective board members and a multifaceted financial literacy program for high schoolers, Virginia National aims to deepen its bench for years to come.

The National Credit Union Administration has already approved the deal, which is set for a Nov. 5 vote.

Organizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia.

Queen of Peace Arlington Federal Credit Union had just $2.6 million in assets and one employee prior to the merger.

Jeff Szyperski wants regulators to update the definitions of assessment areas under the Community Reinvestment Act, and remove 'arbitrary' asset thresholds from bank regulation in general.

Driver Management said it would also support National Bankshares if it decided to sell itself.

Mary McDuffie, who is currently Navy Federal's chief operating officer, will succeed Cutler Dawson, who is retiring.

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National.

The company will pay $96 million to buy HomeTown Bankshares to gain scale in western Virginia.

The National Credit Union Administration is eyeing a 1.1 percent funding increase for 2019 for a total of $334.8 million

Union Bankshares in Virginia has been adding executives from much larger competitors as it looks to compete more effectively with bigger banks

The former EVP/chief information officer has been interim CEO since May, following Pete Sainato taking the helm at Transportation Federal Credit Union.

InFirst FCU heard employees' concerns when a new benefits plan wasn't working out, and that responsiveness contributed to just 3% staff turnover for 2017.

Maria Tedesco's duties will include oversight of commercial, business and consumer banking at Union Bank & Trust.

With the large storm threatening coasts in Virginia and the Carolinas, some banks are planning to shutter branches for the rest of this week.

Entrust Financial CU plans to merge into ValleyStar CU to create a $500 million institution.

NAFCU has canceled its annual Congressional Caucus in Washington in advance of the storm as credit unions in the Carolinas and Virginia do what they can to prepare and, in some cases, begin evacuations.