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The Central Office District is the central business district for Downtown Richmond, Virginia. The district contains a majority of the city core, with several high rises situated in this region of the city. The District houses the headquarters of the Fifth District of the Federal Reserve, the Federal Reserve Bank of Richmond.
Notable buildings include the Virginia Employment Commission Building (1960), the 700 Building (1964), the Ross Building (1964), the Fidelity Building (1965). Located in the district is the separately listed First National Bank Building. [4] It was added to the National Register of Historic Places in 2005, with a boundary increase in 2013. [1] [2]
The Federal Reserve Bank of Richmond has had three locations in Downtown Richmond, Virginia. When it opened in 1914, it was located near the federal courts. From 1919 to 1921, a new building for the Federal Reserve was constructed at 100 North Ninth Street.
The Federal Reserve Bank of Richmond, Baltimore Branch has a 2009 Spring Student Internship Paid Position available to junior and senior college students. Students must be able to work between 16–24 hours per week and the starting salary begins at $18.98 per hour.
The bank was originally created as Lancaster National Bank [2] (of Lancaster, Virginia) and later merged with Chesapeake Banking Company of Lively in 1968 to become Chesapeake National Bank. [3] In 1994, Chesapeake National Bank dropped the "National" from its name, and has been known ever since as "Chesapeake Bank". [ 4 ]
As of June 2023, Atlantic Union Bank was the largest regional bank headquartered in Virginia, also operating in Maryland and North Carolina. [7] As of June 2023, the bank had 109 branches, as well as $20.6 billion in assets and $15.7 billion in deposits. [5]
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The Central National Bank was founded in 1911 by a coalition of Broad Street and nearby Grace Street business owners who wanted a convenient banking location. Within six months, deposits at the new bank totaled over US$500,000, and by the 1920s the bank was the sixth largest bank in Richmond.
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