Virginia

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."

ALEXANDRIA, Va. — Given the dearth of new CUs in recent years, the National Credit Union Administration on Monday announced it has created a new resource to help groups that are interested in applying for a federal charter.

ALEXANDRIA, Va. — Federally insured credit unions saw an increased median rate of loan growth in the year ending June 30, according to analysis of state-level data released Tuesday by NCUA.

Cardinal Financial in Tysons Corner, Va., has agreed to buy a Virginia branch from Virginia Heritage Bank.

ALEXANDRIA, Va. — Federally insured credit unions parlayed an improving economy in the second quarter of 2014 to the highest year-over-year loan growth since 2006, according to new analysis released Tuesday by the National Credit Union Administration.

American National Bankshares in Danville, Va., has agreed to buy MainStreet BankShares in Martinsville, Va.

ALEXANDRIA, Va. — NCUA Friday issued a cease and desist order to David Addison, formerly the chief executive of Texans Credit Union.

ARLINGTON, Va. — NCUA has been stressing to credit unions for well over a year that they must pay attention to interest rate risk with rising rates on the horizon.

Highlands Bankshares in Abingdon, Va., has elected a new chairman and president.

ALEXANDRIA, Va. — NCUA has received nearly $5.4 million in restitution from a fraud prosecution by the U.S. Attorney's office of the Northern District of New York.

ALEXANDRIA, Va. — NCUA said Monday it will provide free consulting services to nearly 180 credit unions during the second half of the year.