Burke & Herbert Bank inks deal for first Richmond-area branch richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.
The Northern Virginia-based bank is searching for real estate for its first wave of retail branches in the Richmond area, with an eye toward the West End and Midlothian.
Burke & Herbert, which is based in Alexandria and has been in operation since 1852, has joined a long list of banks planting their flags in Richmond, where the overall deposit market has grown 32% in just five years.
As part of a continued expansion beyond its home market, the $3 billion bank has lured over a group of seasoned Richmond bankers to grow its presence in the region.