Virginia

Capital One Financial Corp. in McLean, Va., reopened its Chevy Chase Bank branches Monday as Capital One Bank branches.

Eastern Virginia Bankshares of Tappahannock said Friday that it is consolidating two branches in King William County.

Premier Financial Bancorp Inc. in Huntington, W.Va., plans to roll up five of its unit banks into one. The $1.1 billion-asset multibank holding company said Tuesday it would merge these units: Boone County Bank in Madison, W.Va.; First Central Bank in Philippi, W.Va.; Traders Bank in Ravenswood, W.Va.; Adams National Bank in Washington; and Consolidated Bank and Trust in Richmond, Va. The combined entity would have $800 million of assets.

The $3 billion-asset company filed an exchange offer memorandum Monday with the Securities and Exchange Commission, commencing offers to exchange newly issued shares of common stock for outstanding shares of Series A and B preferred stock.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

Less than two years after it became the first "blank-check" acquirer to take over failed banks, Community Bankers Trust Corp. is reeling.

Profits grew faster than credit problems among the first batch of community banks to post second-quarter results — another tentative sign the sector is recovering.

Cardinal Financial Corp. of McLean, Va., posted a 120% jump in net earnings in the second quarter compared with a year earlier, outpacing analysts' expectations.

Commonwealth Bankshares Inc. in Norfolk, Va., has entered into a written agreement with state and federal regulators. The $1.2 billion-asset company did not disclose details in a press release Friday, but said it had consented to strengthen the bank's financial condition and "maintain effective control over and supervision of" major operations.

Hampton Roads Bankshares Inc. in Norfolk, Va., announced that it raised $255 million through a fully subscribed private placement of its common stock.

Regulators are clamping down on Hampton Roads Bankshares Inc. in Virginia, despite a private-equity recapitalization plan.

StellarOne Corp. of Charlottesville, Va., wants to raise up to $60 million in capital, mainly to improve its liquidity and capital, and to repurchase its Troubled Asset Relief Program investments.

Virginia Commerce Bancorp Inc. in Arlington plans to raise as much as $150 million of fresh capital, according to a shelf registration statement the company filed Wednesday with the Securities and Exchange Commission.

Nine months after it unsuccessfully sought to raise capital in the public market, Hampton Roads Bankshares Inc. in Norfolk, Va., has persuaded private-equity firms to get on board.

First Community Bancshares Inc. in Bluefield, Va., has turned the corner in dealing with its securities portfolio and is now setting its sights on acquisitions in the Southeast.

The $185 million-asset bank reported a profit of $448,000, or 24 cents a share, compared with $278,000 in the first quarter of 2009, it said Friday in its report for the quarter ended March 31.

Four Wachovia Corp. veterans plan to build a major regional bank in the Carolinas and Virginia, and are putting a twist on the strategy similar groups are using.

Cardinal Bankshares Corp. of Floyd, Va., announced Friday that earnings declined 64.7% in 2009.

Three months after stepping down as the chief executive of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.

After three consecutive quarterly losses, Virginia Commerce Bancorp Inc. announced Tuesday that it returned to profitability in the fourth quarter.