Virginia

Village Bank and Trust Financial in Midlothian, Va., has raised nearly $9 million by selling shares to existing investors.

ALEXANDRIA, Va. — NCUA is warning consumers about a new scam that mimics the agency's telephone number.

ALEXANDRIA, Va. — NCUA announced that Edward Dorris has been named chief information officer, effective immediately.

ALEXANDRIA, Va. — NCUA has filed another suit against one of the major Wall Street banks in relation to the failed corporate credit unions.

ALEXANDRIA, Va. — NCUA is concerned consumers may fall victim to a new phishing scam that mimics the regulator's name and website.

Fauquier Bankshares in Warrenton, Va., has begun a search to find its next president and chief executive.

SPRINGFIELD, Va. — The U.S. Small Business Administration signed a memorandum of understanding with NAFCU aimed at expanding American entrepreneurs better access to small-dollar business loans.

Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.

ALEXANDRIA, Va. — NCUA is seeking comment on the list of regulations it will review in 2015 as part of its three-year regulatory review process.

TowneBank in Hampton Roads, Va., reported a lower quarterly profit due to higher costs tied to its recent acquisitions.

Alexandria, Va. — Pentagon Federal Credit Union (PenFed), the $18.6-billion institution based in Alexandria, Va. has introduced a new financial product for its membership: the "Access America" checking account.

ALEXANDRIA, Va. — NCUA announced that Peggy Sherry has been named as the agency's deputy chief financial officer, effective today.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

The company said in a press release Thursday that it redeemed preferred shares worth $76.46 million that were issued under the program to the Treasury Department.

VIENNA, Va. — In a sign that the nation's largest credit union plans to expand its member business lending, Navy Federal has created a dedicated commercial participation loan position.

WashingtonFirst Bankshares in Reston, Va., has raised $20 million through a private placement.

MainStreet Bank in Fairfax, Va., has raised nearly $13 million by issuing common stock.

ALEXANDRIA, Va. — NCUA announced Tuesday it has approved a charter to Lutheran Federal Credit Union, making it the third new federally chartered CU of this year.

ALEXANDRIA, Va. — NCUA has filed suit against another big banking company over mortgage-backed securities.

The $1.3 billion-asset company said in a press release that Thomas Cherry will succeed Larry Dillon, who will remain chairman and chief executive. The company added that Cherry is expected to eventually succeed Dillon as CEO.