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Federal Reserve Bank of Richmond News

News on Federal Reserve Bank of Richmond continually updated from thousands of sources around the net.

Friday Apr 18 | Wall Street Journal

Where Cash is Still King, But Plastic is Gunning for the Throne

But cash is still king among large swaths of the population, particularly those deprived of easy access to banks.

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Related Topix: Financial Services, Banking

Wed Apr 16, 2014

Silicon Alley Insider

Here Comes the Fed's Beige Book...

The Federal Reserve has just released its April Beige Book, a collection of anecdotes on economic conditions from business contacts across each of the 12 Fed districts.

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Related Topix: Weather, Housing, Banking, Financial Services, New York

Wed Apr 02, 2014

The Virginian-Pilot

Hampton Roads Bankshares is issued new rules

Virginia Beach-based Hampton Roads Bankshares said it has agreed with state and federal regulators to seek approval before taking on debt, paying dividends or buying shares of company stock until the bank's financial condition is in line with its peers.

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Related Topix: Virginia Beach, VA, Banking, Financial Services, Financial Institutions, Eastern Virginia Bankshares

Thu Mar 27, 2014

WRIC-TV Richmond

Virginia bank released from regulatory agreement

Eastern Virginia Bankshares, Inc. says in a news release that the termination of an informal memorandum of understanding with the Federal Reserve Bank of Richmond and the Virginia State Corporation Commission Bureau of Financial Institutions was effective March 13. A formal agreement was terminated last September.

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Related Topix: Virginia, Banking, Financial Services, Eastern Virginia Bankshares, Richmond, VA, Financial Institutions

Mon Mar 24, 2014

Theflyonthewall.com

C&F Financial completes merger of subsidiary banks

C&F Financial completes merger of subsidiary banks C&F Financial announced the completion of the merger of its subsidiary banks, C&F Bank and Central Virginia Bank which became effective March 22. CVB was merged into C&F Bank, with C&F Bank continuing as the sole bank subsidiary of C&F.

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Related Topix: Central Virginia Bankshares, Financial Services, Banking, Financial Institutions

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