West Virginia

Summit Financial Group in Moorefield, W.Va., has been freed from a five-year regulatory order.

City Holding in Charleston, W. Va., has sold its insurance division to The Hilb Group, a broker based in Richmond, Va.

Summit Community Bank in Moorefield, W.Va., said Wednesday that it has shed an enforcement action and completed the first portion of its private placement with Castle Creek Capital Partners.

CHARLESTON, W. Va. — Employee engagement is the one competitive advantage that turns average credit unions into great ones, according to Pioneer West Virginia Federal Credit Union CEO Dan McGowan.

MVB Financial and CFG Community Bank have terminated their purchase-and-assumption agreement, a year after announcing the deal.

Profits at United Bankshares soared in the third quarter thanks largely to a recent acquisition, but credit quality weakened slightly as several commercial borrowers struggled to repay their loans.

WesBanco in Wheeling, W.Va., has agreed to buy ESB Financial in Ellwood City, Pa.

City Holding in Charleston, W.Va., reported lower quarterly earnings.

The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.

Summit Financial in Moorefield, W.Va., plans to raise roughly $12.8 million through a private placement and a subsequent rights offering.

CHARLESTON, W. Va. — A leadership change is on the horizon at Pioneer West Virginia Federal Credit Union.

United Bankshares, in Charleston, W.Va., reported an increase in second-quarter earnings, in part because of its acquisition of Virginia Commerce Bancorp in Arlington.

WesBanco in Wheeling, W. Va., reported higher quarterly net income because of loan growth and a lower cost of funds.

City Holding in Charleston, W.Va., reported slightly lower quarterly profit because of a shrinking net interest margin and fewer gains from prior acquisitions.

The Virginia and West Virginia bankers associations have intensified merger discussions and could combine into a single trade group by year's end, according to a report Tuesday from Richmond BizSense.

MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.

HUNTINGTON, W.Va. — A man waking up from a drug-induced high found himself locked inside a credit union.

United Bankshares' (UBSI) earnings increased during the first quarter, with support from the completion of its Virginia Commerce Bancorp acquisition and sale of one of its own branches.

City Holding (CHCO) in Charleston, W.Va., said Tuesday that it its first-quarter earnings rose 73% from the same period last year, to $13.8 million, as the company accelerated workouts of problem loans it inherited in two acquisitions.

FAIRMONT, W.Va. — In an effort to reduce the time and energy spent on cash management orders and deposits to the Federal Reserve System, Fairmont Federal Credit Union sought an automated solution.