Virginia

A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.

The credit unions, all of them small institutions, will pay a total of $4,069 in penalties for tardy submission of Q3 2018 all reports.

As credit unions attempt to bring in deposits to fund more loans, one institution's success story could offer a path for others.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

The current compensation rule, which was last updated more than two decades ago, is confusing, industry experts said.

Montgomery County Employees Federal Credit Union is now operating as SkyPoint Federal Credit Union.

Constellation Federal Credit Union has received the OK from members and regulators to merge into $3.4 billion-asset Northwest FCU.

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference.

James Mears has served as COO of the Newport News, Va.-based institution for 15 years.

Credit unions clinging to an outdated name that no longer reflects the institution's current field of membership could be doing themselves more harm than good, experts say. But it's a fine line between honoring the past and preparing for tomorrow.

McLean Mortgage is not going forward with a potential sale to Congressional Bank in Bethesda, Md., saying an agreement that made sense for all parties wasn't possible.

The former Washington Gas Light FCU in Virginia has unveiled its new name.

East Windsor, N.J.-based McGraw Hill Federal Credit Union will merge into PenFed, the latest in a series of growth moves from the nation's third-largest credit union.

For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.

American National Bankshares is trying to force the proposed American Bank & Trust to change its name.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

Regional and community banks are eager to buy branches and hire top performers from the merging companies.

John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.