Skip to main content

Merger Between Virginia Bank and Mortgage Lender Ends

Phil Hall
Aug 14, 2018
New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

Atlantic Bay Mortgage Group and Virginia Community Bank have announced that they are withdrawing merger application from the Federal Deposit Insurance Corp. and the Virginia Bureau of Financial Institutions.
 
The two financial institutions stated that more than a year has passed since they began the formal merger process, but it was still unclear on how long it would take them to conclude the transaction. As a result, the Louisa, Va.-based bank and the Virginia Beach-headquartered mortgage company have decided that a merger was no longer in their best interest.
 
"While this process has been an arduous one, we certainly value the relationships we have built with Virginia Community Bank through this process," said Brian Holland, CEO at Atlantic Bay Mortgage Group.

 
Published
Aug 14, 2018
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022
400 Mortgage Loan Originators Caught Trying To Skip School

400 mortgage loan originators nationwide deceptively claimed to have completed their annual continuing education as required by state and federal law.

Industry News
Jan 19, 2022
Infamous Better.com CEO Is Back And Employees Are Upset

After a month-long hiatus or “break” as Garg likes to call it, the CEO is back at the helm of the company.

Industry News
Jan 19, 2022
Capacity Closes $38M In Series C Funding, Surpasses $62M In Total Capital Raised

AI-powered automation platform, Capacity, announced an additional $27 million in Series C funding, closing out the round at more than $38 million.

Tech
Jan 19, 2022
Millennials Are Still Powering The Housing Market

First American Financial Corporation's Potential Home Sales Model for Dec. 2021 revealed that millennial demand is propelling the housing market, thanks to low rates and increased geographic flexibility.

Analysis and Data
Jan 19, 2022