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]
![1861 Bank of Virginia 1 dollar banknote; Images include four profiles of classical figures; a sailing vessel, a mill, and two women with an urn.; Inscription: "ACCORDING TO ACT OF ASSEMBLY THE PRESIDENT, DIRECTORS & CO. of the BANK OF VIRGINIA promise to pay ONE DOLLAR to the bearer on demand at their Banking house in ___ , __day of__".](http://178.128.105.246/cars-http-upload.wikimedia.org/wikipedia/commons/thumb/4/4a/Recto_Bank_of_Virginia_1_dollar_1861_urn-3_HBS.Baker.AC_1142133.jpeg/300px-Recto_Bank_of_Virginia_1_dollar_1861_urn-3_HBS.Baker.AC_1142133.jpeg)
Bank of Virginia was charted in 1804.[3]
Acquisition by First Citizens Bank
editOn 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
editNotes
edit- ^ a b Times-Dispatch, CAROL HAZARD Richmond. "Bank of Virginia merged into First Citizens". Richmond Times-Dispatch. Retrieved 2017-08-19.
- ^ "N.C. buyer snatches up Bank of Virginia". Richmond BizSense. 2016-05-23. Retrieved 2017-08-19.
- ^ Chapman & Westerfield 1980, p. 38
Bibliography
edit- Chapman, John Martin; Westerfield, Ray Bert (1980). Branch Banking. Ayer Publishing. p. 38. ISBN 978-0-405-13640-5.