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A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.
June 19 - Virginia
Even after many large southern companies bought up Virginia's biggest banks in the mid to late 1990s - Signet, Crestar, Central Fidelity, Dominion - the state was still headquarters to at least one regional player: Falls Church-based First Virginia Banks Inc.
January 22 -
Xenith Bancshares Inc. of Richmond, Va., is adding market share in its hometown with a deal to acquire the lone Virginia branch of Paragon Commercial Bank in Raleigh, N.C.
June 2
Xenith Bankshares (XBKS) in Richmond, Va., disclosed that Malcolm McDonald will retire as chairman at the end of his current term.
McDonald has been the $606 million-asset company's chairman since its formation in 2009. The company said he will step down after its May 1 annual meeting.
McDonald is a former chairman and chief executive of Virginia's Signet Banking, which was
