New Horizon Bank in Virginia is moving its headquarters.
The bank said in a press release that it will relocated from Powhatan to Richmond. The bank noted in the release that most of its staff already work in the state capital, and most of its deposits and loans are from there.
“While we’ve built a digital-first bank, including our own technology subsidiary, the best ideas still come from people in the same room,” CEO Will Groves said, noting that the bank will invest in the building that will house its new corporate headquarters.