Virginia

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.

F&M Bank Corp. (FMBM) in Timberville, Va., has raised $12 million in a private placement.

ALEXANDRIA, Va. — After switching to a new analytics vendor, $16.8 billion Pentagon Federal Credit Union reports that it has improved the application process for its branded credit card, increasing the conversion rate on applications.

ROANOKE, Va. — In an effort to roll out an enhanced strategic integration plan between its technology team and business units, Member One Federal Credit Union needed to find a new core provider.

Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.

Timothy Mullen, the company's former chief investment officer, wants management to informally evaluate the "best avenue to enhance long-term shareholder value," including any benefits from finding a buyer.

ALEXANDRIA, Va. — Total projected assessments from the NCUA's Temporary Corporate Credit Union Stabilization Fund dropped by $2.2 billion during the second half of 2013, the regulator announced Tuesday, adding it was "hopeful" that no future CU assessments would be necessary.

CHARLOTTESVILLE, Va. — Credit unions continued to grow assets, loans and leases, and shares and deposits in 2013 — once again led by the largest institutions — according to new analysis by SNL Financial.

ALEXANDRIA, Va. — The Temporary Corporate Credit Union Stabilization Fund received a fifth consecutive clean audit opinion, NCUA said Monday.

Virginia National Bankshares (VABK) in Charlottesville, Va., is facing pressure from an activist investor to consider selling itself.

ALEXANDRIA, Va. — After switching to a new analytics vendor, $16.8 billion Pentagon Federal Credit Union reports that it has improved the application process for its branded credit card, increasing the conversion rate on applications.