Bank of Virginia
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Cordia Bancorp Inc (formerly trading as NCM:BVA) was a bank holding company for the Midlothian, VA-based Bank of Virginia. Before being acquired by First Citizens Bank, Cordia Bancorp operated six full-service banking branches around the Richmond, VA area. In addition, the bank operated student loan services at offices in Midlothian, VA and Washington, DC.[1][2]
Bank of Virginia was charted in 1804.[3]
Acquisition by First Citizens Bank
[edit]On May 23, 2016, Cordia Bancorp and its subsidiary, Bank of Virginia, announced that First Citizens Bank would acquire them for $35 million at $5.15 per share in cash. With the acquisition, First Citizens Bank added six banks to its 550 nationwide branches.[1] Following the merge on September 1, 2016, the former branches were rebranded as First Citizen Bank branches.
References
[edit]Notes
[edit]- ^ a b Times-Dispatch, CAROL HAZARD Richmond. "Bank of Virginia merged into First Citizens". Richmond Times-Dispatch. Retrieved 2017-08-19.
- ^ "N.C. buyer snatches up Bank of Virginia". Richmond BizSense. 2016-05-23. Retrieved 2017-08-19.
- ^ Chapman & Westerfield 1980, p. 38
Bibliography
[edit]- Chapman, John Martin; Westerfield, Ray Bert (1980). Branch Banking. Ayer Publishing. p. 38. ISBN 978-0-405-13640-5.
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