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The Northern Virginia-based bank is searching for real estate for its first wave of retail branches in the Richmond area, with an eye toward the West End and Midlothian.
Burke & Herbert, which is based in Alexandria and has been in operation since 1852, has joined a long list of banks planting their flags in Richmond, where the overall deposit market has grown 32% in just five years.
As part of a continued expansion beyond its home market, the $3 billion bank has lured over a group of seasoned Richmond bankers to grow its presence in the region.