Virginia

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.

Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.

The Treasury Department has agreed to sell a large stake in Hampton Roads Bankshares (HMPR) in Virginia Beach.

WASHINGTON — NCUA General Counsel Michael J. McKenna told the House Financial Services Committee Tuesday that 70% of new rules put in place by the agency since last January have provided regulatory relief to credit unions without incurring additional costs.

ALEXANDRIA, Va. — NCUA has chartered its first credit union of 2014, with the new CU expected to open its doors this June.

The Federal Home Loan Bank of Atlanta has appointed Bank of Georgetown Chairman Michael Fitzgerald to its board of directors.

ALEXANDRIA, Va. — NCUA issued its prohibition orders for the month of March on Monday, this time barring only one person from participating in the affairs of any federally insured financial institution.

Middleburg Bank in Virginia has agreed to sell its 62% stake in the mortgage banking firm Southern Trust Mortgage to two Virginia banks and Southern Trust's president.

Bay Banks of Virginia in Kilmarnock is adjusting its 2013 financial results after unloading a troubled asset.

VIENNA, Va. — Mobile payments provider Square could get a big boost from the nation's biggest credit union.

Xenith Bankshares (XBXS) had been eager to enter the bustling Hampton Roads area. It plans to use Colonial Virginia, located close to the region, to make a beachhead.