Provides commercial and institutional clients with loans, deposits and treasury services, and serves consumers and small businesses with loans and deposits.
10-K for FY2025, filed Feb 26, 2026Our Wholesale Banking segment provides loan, leasing, deposit services, treasury management, and capital market services to our wholesale…View ↗
Capital Market Services. We offer our commercial and institutional clients a variety of capital market services that provide risk…View ↗
Our Consumer Banking segment provides loan and deposit services and retail brokerage services to consumers and small businesses throughout…View ↗
The bank earns fees on deposit, card and payment services when transactions occur or by month-end, and trust and investment-management fees monthly or quarterly; mortgage income comes when originated home loans are sold to investors.
10-K for FY2025, filed Feb 26, 2026Service charges on deposits, interchange fees, and other service charges, commissions and fees: Revenue from service charges on deposit…View ↗
Fiduciary and asset management fees: Revenue from fiduciary and asset management fees from the Wholesale and Consumer Banking segments…View ↗
Mortgage Banking Income – Mortgage banking income is earned from the Consumer Banking segment when the originated loans are sold to an…View ↗
10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by reportable segment ↗$1.8B
10-K for FY2025, filed Feb 26, 2026
$1.8B ↗| Segment | Share | Revenue |
|---|---|---|
|
Wholesale Banking
|
90%
FY2022: 82%
|
Wholesale Banking, FY2025
$1.6B Sources
|
|
Consumer Banking
|
50%
FY2022: 46%
|
Consumer Banking, FY2025
$902.3M Sources
|
Commercial and retail customers access accounts and other services through branches, ATMs, mobile and internet banking; commercial and corporate customers can also obtain equipment financing nationwide.
10-K for FY2025, filed Feb 26, 2026
Yes. It kept 15 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 26, 2026
10-K for FY2025, filed Feb 26, 2026
$273.7MView ↗
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
8-K, filed Jul 22, 2026
OUR EXECUTIVE LEADERSHIP Executive Vice President & Chief Financial Officer since April 2026 Deputy Chief Financial Officer & Executive…View ↗
8-K, filed Jul 21, 2026
The Company completed the sale of its equity interest (held by the Company’s indirect subsidiary, Union Insurance Group, LLC) in Bearing…View ↗
Growing. Revenue grew 3.1x in 4 years, from $592.4M in FY2021 to $1.8B in FY2025, about 32% a year.
Expanded branch footprint
The bank's stated branch footprint includes Washington, D.C., alongside Virginia, Maryland and North Carolina; the older description listed Virginia and portions of Maryland and North Carolina.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 26, 2026The Bank is headquartered in Richmond, Virginia and, as of December 31, 2022, operated 114 branches and approximately 130 ATMs located…View ↗
The Bank is headquartered in Richmond, Virginia and operates branches and ATMs located in Virginia, Maryland, Washington, D.C., and North…View ↗
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