Virginia

M.J. Neusneger joined the credit union as chief financial officer in May 2019 before being appointed interim CEO five months later.

The North Chesterfield, Va.-based institution joins a list of banks that are also closing to commemorate the end of slavery.

New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."

Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic.

The Fairfax, Va.-based credit union agreed to pay $2.7 million in the class action case, though it did not admit any wrongdoing.

Zember abruptly resigned as CEO of Ameris Bancorp last summer.

Fewer than 30 CUs in the state would be eligible to make use of the rule, intended to help rural institutions and others attract a more qualified pool of directors and committee members.

A deal bringing $16 million-asset RiverTrace CU into Call Federal Credit Union will take effect on Feb. 3.

The company will pay $29 million for Virginia Bank Bankshares.

For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.

Driver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.

Michael Troutman will serve as chief revenue officer at Bay Banks of Virginia, where he will advise management and the board on growth opportunities.

One found a buyer, another announced plans to retire, and others took steps to reinvent their banks.

Fairfax County Federal Credit Union's new name is intended to illustrate a reach well beyond what its original name implies.

The $28 million-asset AB&W Employees Credit Union will merge following a year of uneven financial results.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

Chesterfield's proposed merger into Virginia Credit Union is expected to be completed in early 2020.

The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.