Virginia

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.

Its investments in bank stocks prompted StellarOne Corp. in Charlottesville, Va., to widen its third-quarter loss by 16%, to $9.4 million, or 41 cents a share.

At least two community banking companies announced plans Tuesday to raise capital, some of which may be used to repay government capital.

Virginia Business Bank in Richmond agreed to submit written plans to the Federal Reserve Board and the Virginia Bureau of Financial Institutions detailing how its board plans to enhance oversight of the bank while also retooling its operations.

Central Virginia Bankshares in Powhatan said Tuesday that it swung to a loss of $255,943 in the second quarter, from a $909,577 profit the year earlier.

Hampton Roads Bankshares in Norfolk, Va., swung to a loss for the second quarter, suspended its common share dividend and said it plans to offer stock.