Virginia

With the expansion, the $3.7 billion-asset Union First Market Bank now has 99 branches in Virginia, including 29 in Martin's stores.

The Federal Reserve Board has given the troubled Commonwealth Bankshares Inc. in Norfolk, Va., until the end of July to either raise fresh capital or find a buyer.

Commonwealth Bankshares Inc. and Hampton Roads Bankshares Inc., both in Norfolk, are potentially in hot water with federal officials. For some observers, the troubles began when each tried to keep pace with the biggest community bank in their market.

The Federal Reserve on Tuesday announced three written agreements.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.

Hampton Roads Bankshares Inc. in Norfolk, Va., is looking to sell 10 branches and its mortgage and insurance businesses.

Eager to lower its overhead, Hampton Roads Bankshares Inc. in Norfolk, Va., will close nine branches this year and move customers' accounts into other nearby branches.

Xenith Bancshares Inc. of Richmond, Va., is adding market share in its hometown with a deal to acquire the lone Virginia branch of Paragon Commercial Bank in Raleigh, N.C.

First Community Bancshares Inc. in Bluefield, Va., appears poised to make acquisitions after raising $19 million in fresh capital.

For the first time in its history, Virginia Community Bank in Louisa has a CEO whose name is not A. Pierce Stone.

Continuing to be plagued by problem construction loans, Hampton Roads Bancshares Inc. in Norfolk, Va., said after the markets closed on Monday that it lost $31.7 million in the quarter that ended March 31.

First National Corp. in Strasburg, Va., has hired a veteran banker, Scott Harvard, as its chief executive. Harvard, the chairman of the Federal Home Loan Bank of Atlanta, is also the CEO of the First Bank unit of First National.

Chartway Federal Credit Union in Virginia Beach has expanded in Utah With its acquisition Friday of the failed Utah Central Credit Union.

Cardinal Financial Corp. in Tysons Corner, Va., reported that its first-quarter profit rose 37% from a year earlier, to $5.2 million, as the company reported lower credit costs and higher income.

Navy Federal Credit Union's move to eliminate balance transfer fees for new credit card accounts may demonstrate that the credit card industry has recovered sufficiently from economic and regulatory setbacks to return to more aggressive marketing.

NASA Federal Credit Union is making arrangements to offer members skip-a-payment loans and other relief in case the continuing budget impasse in Congress causes a federal government shutdown.

A pair of community banks have reduced the Treasury Department's ownership stake in their companies.

Virginia Commerce Bancorp Inc. said Monday it has appointed an interim successor for its chief financial officer, who died last month following complications from cancer.

Pentagon Federal Credit Union in Alexandria, Va., has announced that it plans to open at least 10 PenFed Realty offices, boosting employment by up to 1,000 agents by yearend.