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Stock Market & Financial Investment News

News Breaks
February 14, 2013
16:56 EDTCFNLCardinal Bank names Jamie B. Jacobson Commercial Loan Officer
Cardinal Bank announced that Jaimie B. Jacobson has joined the company as vice president, Commercial Loan Officer.
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September 2, 2014
15:47 EDTCFNLCardinal Financial to acquire Virginia Heritage Bank branch
Cardinal Financial Corporation, the holding company of Cardinal Bank, announced that Cardinal Bank has signed a definitive agreement with EagleBank to acquire the current Gainesville, Virginia branch office of Virginia Heritage Bank. The Gainesville branch is being sold by EagleBank in connection with the pending Eagle Bancorp, Inc. and EagleBank acquisition of Virginia Heritage Bank, scheduled to close in Q4. With the acquisition, Cardinal Bank will take over the operations of the branch and assume approximately $59M in deposits. The deposit premium will be $195K for the deposits acquired. Upon completion of the purchase, Cardinal Bank will have 3 banking offices in the Prince William county and Manassas city market area. The acquisition is anticipated to be completed in Q4.

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