Virginia

ALEXANDRIA, Va. — The NCUA remains committed to workforce diversity as a key to success for the organization, despite the agency failing to meet 60% of its own workplace target goals last year.

ALEXANDRIA, Va. — The NCUA remains committed to workforce diversity as a key to success for the organization, despite the agency failing to meet 60% of its own workplace target goals last year.

ALEXANDRIA, Va. — NCUA did not meet over half of its employment diversity goals for 2013, hitting only 40% of its target achievements in this category, according to the agency's annual report, released Monday.

Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., reported higher net income that largely reflected lower expenses and a spike in income from bank-owned life insurance.

Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.

ARLINGTON, Va. — Brenda Turner has retired after 22 years as president and CEO of Arlington Community Federal Credit Union.

FAIRFAX, Va. — As financial institutions begin to shift their marketing dollars from traditional media to digital, analysts say online spending can be good for credit unions — but only if they wisely allocate budgets in this marketplace.

United Bankshares' (UBSI) earnings increased during the first quarter, with support from the completion of its Virginia Commerce Bancorp acquisition and sale of one of its own branches.

ALEXANDRIA, Va. — NCUA issued five prohibition orders Wednesday, banning the following people from participating in the business of any federally insured financial institution:

TowneBank (TOWN) in Suffolk, Va., said that improved credit quality helped boost its first-quarter earnings 6.3% from a year earlier, to $11.1 million.

ALEXANDRIA, Va. — In casting the lone vote Thursday against passing the final rule on capital planning and stress testing, NCUA Board Member Michael Fryzel held some of the same concerns voiced by credit unions and the CU trade associations about the proposal.

Memo to credit unions that thought they were safe from the Heartbleed vulnerability because they don't use OpenSSL: Think again, say experts.

ALEXANDRIA, Va. — NCUA approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

The first-quarter profit at Cardinal Financial Corp. (CFNL) in Tysons Corner, Va., fell 42% from a year earlier, largely due to merger-related expenses.

Union First Market Bankshares (UBSH) in Richmond, Va., reported in a dip in quarterly profit because of costs tied to its purchase of StellarOne in Charlottesville, Va.

ARLINGTON, Va. — With NCUA expected to impose a final rule on stress testing at Thursday's board meeting, NAFCU, once again, is telling the agency its proposal should be reconsidered.

William Young, the founding chief executive officer of Virginia Partners Bank in Fredericksburg, Va., will retire on June 30.

Capital One (COF) in McLean, Va., posted slighter higher quarterly earnings that surpassed analysts' expectations.

Community Bankers Trust (ESXB) in Richmond, Va., has named a new chief credit officer for its Essex Bank

ARLINGTON, Va. — The National Association of Federal Credit Unions is lobbying President Obama to consider a credit union representative for a seat on the Federal Reserve Board of Governors.