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.
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.
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.
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.
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.