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Richmond banking recap for 2020: M&A action, CEO changes, new branches
BizSense file)
It’s hard to remember there were a few weeks at the start of 2020 when coronavirus wasn’t part of our everyday vocabulary and life seemed normal.
The local banking scene started the year in somewhat normal fashion as well, with C&F Bank completing its acquisition of Peoples Community Bank on the Northern Neck. C&F also got underway on a new headquarters for its finance division in Henrico.
Then, what could have been an interesting year for bank M&A action was put on hold when the pandemic hit. Still, at least two deals got underway and continue toward the finish line.
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