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Ralston, Rigell review regulatory requirements, restrictions

Updated: September 25, 2015 - 1:22 pm

Posted: September 25, 2015

By Pete Humes

Bank @lantec President Susan Ralston is used to making trips to Capitol Hill for conversations about banking legislation. But on Sept. 22, one member of the House made a house call.

As part of the American Bankers Association's "Take Your Lawmaker to Work Week," Congressman Scott Rigell, R-Va., sat in the Bank @lantec conference room for a conversation with Ralston and other bank officials about the challenges of community banks.

FIRST PERSON: Robert F. Shuford Jr.

Updated: September 18, 2015 - 2:13 pm

Posted: September 18, 2015

By Pete Humes

Old Point National Bank names new president and CEO

Updated: September 9, 2015 - 3:39 pm

Posted: September 9, 2015

Staff report
Robert F. Shuford Jr. has been appointed president and chief executive officer of Old Point National Bank.
Appointed to the position effective Tuesday, the bank said in a Wednesday announcement that Shuford, who most recently served as the bank’s senior executive vice president and chief operating officer, will succeed Louis G.

Cybersecurity: Insure, ensure or make sure?

Updated: September 4, 2015 - 2:36 pm

Posted: September 4, 2015

By Virginia Lascara

At a Senatorial Forum last month hosted by the Hampton Roads Chamber of Commerce, Sen. Mark Warner emphasized the threat that cyber crime has on our nation, calling it "as great of a national security threat as any other."

Capitol gain: VCUL finally opening Credit Union House

Updated: September 4, 2015 - 2:30 pm

Posted: September 4, 2015

By Virginia Lascara

After nearly two decades of consideration, the Virginia Credit Union League will open its Credit Union House in downtown Richmond, just blocks from the State Capitol.

Credit unions say they reached nearly 20,000 Virginia students in 2014-15

Updated: September 4, 2015 - 1:40 pm

Posted: September 4, 2015

Staff report

In the 2014-2015 school year, Virginia-based credit unions reached 19,916 students with lessons on the basics of personal finance, according to the Virginia Credit Union League.

Additionally, the National Youth Involvement Board, or NYIB, honored the student educational efforts of Virginia-based credit unions, ranking them eighth in the nation in the number of students reached and seventh nationally in the number of classroom presentations conducted, of which there were 490.

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

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


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

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.