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
  1. ^ a b Times-Dispatch, CAROL HAZARD Richmond. "Bank of Virginia merged into First Citizens". Richmond Times-Dispatch. Retrieved 2017-08-19. 
  2. ^ "N.C. buyer snatches up Bank of Virginia". Richmond BizSense. 2016-05-23. Retrieved 2017-08-19. 
  3. ^ Chapman 1980, p. 38
Bibliography