Virginia

Dwight Utz, who is leaving VantageSouth in North Carolina five months after it bought his bank, says he is looking for CEO jobs Virginia, Maryland or Pennsylvania.

Community Bankers Trust (ESXB) in Glen Allen, Va., has agreed to sell its Georgia operations to Community & Southern Holdings in Atlanta.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares (EVBS) is retiring debt owed to the Federal Home Loan Bank System.

The Federal Reserve Board has terminated enforcement actions with Marquette Financial in Minneapolis and Bank of Virginia in Midlothian.

Cardinal Financial (CFNL) of McLean, Va., has promoted William T. "Bill" Mundy, an executive at its banking unit, to senior vice president and executive managing director of wealth services.

The chief executive of First Community Bancshares (FCBC) in Bluefield, Va., plans to step down.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Virginia Heritage Bank (VGBK) in Tysons Corner raised $22 million in its recent public offering.

Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.

The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

F&M Bank Corp. (FMBM) in Timberville, Va., has named new chief financial and administrative officers at its bank unit as part of a series of promotions.

A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.

Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.

C&F Financial (CFFI) has agreed to acquire Central Virginia Bankshares. Both are in the Richmond, Va., area.

The fast-growing First Virginia Community Bank in Fairfax said Thursday that it sold more than 1.6 million shares at $13.50 each. It plans to use the money to support growth, among other things.

Hampton Roads Bancshares (HMPR) in Virginia Beach, Va., has named Charles Johnston chairman.

Hampton Roads Bancshares (HMPR) in Virginia Beach is reducing its branch network.

Two community banks have repaid the Troubled Asset Relief Program.

Hampton Roads Bankshares in Norfolk, Va., has completed its $45 million rights offering, though its private-equity partners were the largest contributors.

The Norfolk, Va., company announced on Monday that Charles M. Johnston, a former chief financial officer at Eastern Bank in Boston, had joined its board.