Virginia

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.

Bank of the James Financial Group (BOTJ) in Lynchburg, Va., has raised $10 million through a private placement of unregistered debt.

The Federal Reserve Board has terminated a written agreement with Valley Financial that required the Roanoke, Va., company to serve as a source of strength for its bank.

Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.

Hampton Roads Bankshares's (HMPR) second-quarter loss narrowed from a year earlier as improveed credit quality aided the Norfolk, Va., company.

Virginia Commerce Bancorp (VCBI) is delaying its planned exit from the Troubled Asset Relief Program following discussions with the Federal Reserve Bank of Richmond regarding its repayment plan.

The Federal Reserve Board has put the kibosh on Virginia Commerce Bancorp's plan to start paying back the Treasury Department this summer.

The former chief executive officer of Virginia's Bank of the Commonwealth was among six people indicted for an alleged fraud conspiracy involving a coverup of the bank's financial condition from 2008 to 2011.

Cardinal Bankshares Corp. in Floyd, Va., has settled a dispute with a former executive it claims was conspiring with an investor to force its sale.

The Federal Reserve Bank of Richmond has ordered Village Bank and Trust Financial in Midlothian, Va., to serve as a source of strength for its ailing bank subsidiary.

Regulators shuttered four banks Friday evening — totaling $676 million of assets — that combined are estimated to cost the Federal Deposit Insurance Corp. about $80 million.