Cordia Bancorp Inc (formerly trading as NCM:BVA) was a bank holding company for theMidlothian, VA-basedBank of Virginia. Before being acquired byFirst Citizens Bank, Cordia Bancorp operated six full-service banking branches around theRichmond, 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]
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.
