Virginia

ARLINGTON, Va. — Faced with system inefficiencies with its maintenance, administration, vendor management and contract management segments, the Partnership Federal Credit Union developed a business technology unit that has saved hundreds of thousands of dollars.

First National Corp. in Strasburg, Va., has agreed to buy six branches in Virginia from Bank of America.

ALEXANDRIA, Va. — Only 47 federally insured credit unions filed late Call Reports

BNC Bancorp in High Point, N.C., has agreed to buy Valley Financial in Roanoke, Va.

ARLINGTON, Va. — A number of credit union and bank executives have been ignoring the National Institute of Standards and Technology's Framework for Improving Critical Infrastructure Cyber Security, waiting for the federal government to issue more definitive guidance.

ARLINGTON,Va. — NASCUS kicked off its inaugural cyber security symposium last Thursday, and judging from attendance, there will be a repeat performance next year.

LOS ANGELES and NOTRE DAME, Ind. — Two collegiate credit unions are putting a football rivalry to good use.

ALEXANDRIA, Va. – The next deadline for CUs interested in applying for free consulting help from the NCUA's Office of Small Credit Union Initiatives (OSCUI) is Nov. 30, the NCUA announced Wednesday.

Shaza Andersen recently sent out a companywide email stating that employees who don't deposit their paychecks into a WashingtonFirst account will soon be required to pick up paper checks — from her office.

Clashes between directors and management are becoming routine at Cardinal Bankshares in Virginia, which recently forced out its CEO for the second time in two years.

Cardinal Bankshares in Floyd, Va., is switching leaders again, though it is unclear when the new chief executive will step in.

Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.

Community bank investor Kenneth Lehman is seeking regulatory approval to buy nearly half the shares in Village Bank & Trust Financial in Midlothian, Va.

Hampton Roads Bankshares in Virginia Beach has named John Marshall Jr. as chief risk officer. He succeeds Robert Bloxom, who retired from Hampton Roads at the end of September.

Union First Market Bankshares in Richmond, Va., is seeing the benefits of its acquisition of StellarOne in Charlottesville, Va.

The Mortgage Bankers Association is honoring Pentagon Federal Credit Union in Alexandria, Va., for providing affordable housing and post-deployment assistance to military families and war veterans.

The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.

Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.

ALEXANDRIA, Va. — NCUA liquidated Republic Hose FCU in Youngstown, Ohio, Tuesday, the eighth credit union failure of the year.

ALEXANDRIA, Va. — After months of debate, NCUA Board Chairman Debbie Matz on Monday said she will request a revised risk-based capital rule be issued along with a new comment period "as a result of significant structural changes being considered."