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Public Files: Norfolk Southern's net income dips

Updated: July 31, 2015 - 2:15 pm

Posted: July 31, 2015

Norfolk Southern Corp.

Norfolk Southern Corp. announced a second-quarter net income of $433 million, a 23 percent decrease compared to a net income of $562 million in the same period of 2014. The Norfolk-based railway company announced diluted earnings per share of $1.41 compared with $1.79 per diluted share in the second quarter of 2014.

Navy Federal plans to open more branches in region

Updated: July 17, 2015 - 2:43 pm

Posted: July 17, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

Navy Federal recently opened its newest Hampton Roads branch in Suffolk on June 15 and will continue to open new branches in the area.

The credit union has plans to open two branches in Hampton Roads in 2016 and two additional branches by the end of 2017, Navy Federal spokesman Brian Parker said.

Consumer Financial Protection Bureau opens the vault holding complaints against banks

Updated: July 2, 2015 - 1:25 pm

Posted: July 2, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

 

Late last month, the Consumer Financial Protection Bureau opened its database of consumer complaints against banks, debt collectors and other financial institutions.

On the CFPB website, consumers can search banks and read accounts of alleged wrongdoings about mortgages, bank accounts, credit cards, credit-monitoring sites, debt collections and more.

Consumers can also search the database by ZIP code.

Heritage Bankshares approved to trade on off-exchange market

Updated: July 1, 2015 - 3:24 pm

Posted: June 26, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

Heritage Bankshares Inc., the parent company of Virginia Beach-based Heritage Bank, has been approved to trade its common stock on OTCQX, an off-exchange market for investor-focused U.S. and international companies.

OTCQX is run by OTC Markets Group, previously known as Pink Sheets. Heritage's stock is being traded under its "HBKS" symbol.

Capital One names senior VP

Updated: June 26, 2015 - 2:48 pm

Posted: June 26, 2015

Staff report

Capital One announced that Hampton Roads resident Shelby L. Davis joined its middle market banking team as senior vice president and relationship manager.

Davis will provide lending and commercial banking services to Capital One's middle market customers in the mid-Atlantic region. Davis will report to Van Knick, senior vice president and market manager.

Two Norfolk-based asset management firms receive national recognition

Updated: June 26, 2015 - 2:45 pm

Posted: June 26, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

Two Norfolk-based asset management firms have earned national recognition.

Wilbanks, Smith & Thomas has once again been named to the Financial Times Top 300 Registered Investment Advisers list.

Signature Financial was named to the Top 100 Fee-Only Wealth Management Firms.

Two local financial firms earn national recognition

Updated: June 22, 2015 - 5:30 pm

Posted: June 18, 2015

By Virginia Lascara 
virginia.lascara@insidebiz.com 

Two Norfolk-based asset management firms have earned national recognition. Wilbanks, Smith & Thomas has once again been named to the Financial Times Top 300 Registered Investment Advisers list.

Signature Financial was named to the Top 100 Fee-Only Wealth Management Firms. 

Financial Times produces its list in collaboration with Ignites Research, a subsidiary of Financial Times that aggregates intelligence on the investment management industry.

HE CATCHES THEM BECAUSE HE CAN

Updated: June 12, 2015 - 1:57 pm

Posted: June 12, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

 

A runaway on the move, Frank Abagnale Jr. traveled more than 1 million miles via plane, for free, all before his 22nd birthday.

He's one of the world's most famous con artists, having successfully impersonated a pilot, a doctor and a lawyer.

Capital One hires new Mid-Atlantic senior vice president to middle market commercial lending

Updated: June 11, 2015 - 3:09 pm

Posted: June 11, 2015

Staff report 

Capital One announced that Hampton Roads resident Shelby L. Davis joined its middle market banking team as senior vice president and relationship manager.

Davis will provide lending and commercial banking services to Capital One’s middle market customers in the Mid-Atlantic region. Davis will report to Van Knick, senior vice president and market manager.

Bank @lantec president and CEO keeps earning credit

Updated: June 5, 2015 - 3:45 pm

Posted: June 5, 2015

By Virginia Lascara
virginia.lascara@insidebiz.com

Although she has been the president and CEO of Virginia Beach-based Bank @lantec for more than 20 years, Susan Ralston still remains one of the few female bank CEOs in Virginia.

She doesn't see that as a roadblock.

In March, Ralston was one of five new members selected to serve on the Mutual Savings Association Advisory Committee by the Office of the Comptroller of the Currency.