Gateway Financial Holdings, the parent company of Gateway Bank and Trust Company, says it has reached an agreement to buy a Richmond community bank. The acquisition is part of Gateway's Virginia expansion beyond Hampton Roads. Gateway, based in Elizabeth City, says it has agreed to pay more than $55 million in cash and stock for the Bank of Richmond, which has six branches in the Richmond area and a loan production office in Charlottesville. Under the agreement, the Richmond bank will keep its name. It's expected to close May 31.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.