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Union First Market Bankshares in Richmond, Va., is seeing the benefits of its acquisition of StellarOne in Charlottesville, Va.
October 22 -
The company said in a press release Thursday that it redeemed preferred shares worth $76.46 million that were issued under the program to the Treasury Department.
January 8 -
Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.
April 11 -
A spike in consolidation is expected to provide growth-minded banks with more opportunities to lure executives and commercial lenders.
March 7
Cordia Bancorp in Midlothian, Va., has named O.R. "Ed" Barham president and chief executive of Bank of Virginia.
Barham was previously CEO of StellarOne in Charlottesville, Va., until it was acquired in 2013 by Union Bancshares. Barham will
Barham succeeds Richard Dickinson, who
Zoeller remains chairman of Bank of Virginia and Peter Grieve remains chairman of Cordia.
"[Barham] is a superb guy in [mergers and acquisitions]," Zoeller said in an interview, identifying M&A as a part of the bank's strategic plan. "We're upping our game in that. We're both seasoned guys in the M&A area. You match what you want to with what's on the market."
Barham was CEO at Virginia Financial Group in Culpeper, Va., between 2002 and 2008, and CEO at Virginia Commonwealth Financial between 1998 and 2002.
