With $150M in new capital in hand, Blue Ridge Bank looks for more stable footing
The cleanup job continues at Blue Ridge Bank, and it just got eight figures worth of cash to help it get back on track.
Source: richmondbizsense.com
Billy Beale News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Billy Beale. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Billy Beale Today - Breaking & Trending Today
Blue Ridge Bank gets shareholder approval for $150M capital raise
The investors leading the raise include most notably Kenneth Lehman, who has a track record of propping up Richmond-area banks in need of capital.
Source: richmondbizsense.com
Richmond banking recap for 2023: Atlantic Union, VACU in the spotlight
In a year when rising interest rates kept the banking industry on its toes, two of Richmond’s biggest financial institutions in particular grabbed repeated headlines.
Source: richmondbizsense.com
Local bank deposits fell by nearly $3B over past 12 months
Of the 27 banks with a retail presence in the local market, 16 reported a decline in deposits in their Richmond-area locations over the last year.
Source: richmondbizsense.com
