City National Bank opened its doors in The Boro last week.
The bank, which is a subsidiary of the Royal Bank of Canada, announced the opening of the 4,200-square-foot full-service regional banking center (8301 Greensboro Drive, Suite J), noting that it will help better serve clients in the D.C. and Northern Virginia areas.
“Greater Washington has responded well to City National’s deep expertise and customized solutions,” Juan Jara, who leads the bank’s personal and business banking team. “Opening our Tysons office will enable us to help individuals and local businesses navigate these uncertain times and reach their financial goals.”
The Tysons team of four commercial bankers will work closely with Royal Bank of Canada’s wealth management and capital markets businesses, the press release said.
For the last three years, City National Bank has expanded in the D.C., Boston, Long Island and Miami areas. In July, the bank opened two new branches in New York, the bank said in a press release.
The Tysons branch is following COVID-19 guidance in Fairfax County to keep clients and employees to reduce the spread of COVID-19, the press release said. The branch is open from 9 a.m.-5 p.m. on weekdays, according to the bank’s website.
The bank is the latest of a string of newcomers to the Tysons development this summer, including Santouka Ramen, FRESHFARM Farmers Markets and Poki DC.
Photo courtesy City National Bank
Traffic Stop Near Gallows Roads — “A Virginia state trooper is on administrative leave and faces a criminal investigation for his conduct against a Black driver during a 2019 traffic stop in Fairfax County.” [Patch]
Falls Church Scales Back Summer Camps — “Covid-19’s spread throughout the country influenced the City to scale back or outright cancel certain camps, making “fun” one of the lesser known, but more persistent casualties of the pandemic.” [Falls Church News-Press]
COVID-19 Rules for Businesses — “Virginia on Wednesday became the first state to adopt uniform workplace safety rules related to the Covid-19 pandemic. Among the new regulations, employers in Virginia are required to mandate physical distancing and face coverings for employees in customer-facing positions. Coverings will also be required in workplace situations where social distancing is not possible.” [Washington Business Journal]
PPP Loans for Black Businesses — “Black business owners are more likely to be hindered in seeking coronavirus financial aid than their white peers, a new study has found. The study looked at how more than a dozen Washington-area banks handled requests for loans under the federal government’s Paycheck Protection Program.” [Washington Business Journal]
Impacts on Falls Church Development? — “Workplaces transitioning out of the office and into being permanently remote could be one part of the “new normal” stemming from Covid-19’s global outbreak. That potential reality would be trouble for the City of Falls Church’s West End development that is relying on office tenants to help occupy some of its nearly 10-acre footprint, though the minds behind the project believe this adaptation won’t become a fixture once coronavirus’ danger lessens.” [Washington Business Journal]
The squat brick building at 1300 Chain Bridge Road is about to become a bank once again.
Renovations are underway to turn the brick building into a JP Morgan Chase Bank.
The location had previously been a drive-through Wachovia, then a Wells Fargo, but has sat empty for at least a year.
The bank is aiming for an opening sometime in the fall but has no more specific date ready yet.
Construction crews are still at work at the project — which has a largely gutted interior — and permits in the window say work will involve installing new air devices and ductworks.
It will be the only Chase bank in McLean but far from the only bank. There are roughly 17 banks currently scattered around downtown McLean, possibly because studies say McLean residents tend to be very wealthy and frugal.
(Updated at 12:30 p.m.) Trustar Bank is opening a commercial loan office this week by Tysons Galleria ahead of a future branch in the area.
Last week, the bank opened a branch in Great Falls. The company website said, “As a community bank, Trustar Bank’s strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the bank’s primary market.”
While the upcoming Tysons location (1650 Tysons Blvd) will just handle commercial loans, Chief Executive Officer Shaza Anderson said that the company also plans to bring branches in Reston in October 2019 and Tysons in 2021.
The new loan office opens after the company raised the required capital and received regulatory approval from the Federal Deposit Insurance Corporation, she said.
Anderson said that the company partially decided on the location because it seemed to be the most accessible for employees and customers.
Community support has been “overwhelming” during this process, she added.
Image via Google Maps
McLean Community Center Reveals Scholarship Winners — “The Alden Theatre of the McLean Community Center has announced award recipients in its annual James C. Macdonald Performing Arts Scholarship Competition, held recently.” [Inside NoVa]
Power Surge Last Tuesday in Vienna — “Any residents who experienced a power surge shortly after midnight on July 2 may file a claim for damaged electrical appliances by calling 1-866-DOM-HELP” [Town of Vienna]
Software Company NowSecure Inc. Raised $15 Million for Expansion — “It has a total of 60 employees across its Tysons, Chicago and Seattle offices, but it plans to hire about 30 more people over the coming months, said CEO Alan Snyder, who added the Tysons office is its largest and that the company is already looking for larger space in the area.” [Washington Business Journal]
Lt. Gov. Justin Fairfax Leaves McLean Law Firm — “Lt. Gov. Justin Fairfax has resigned his position at a McLean law firm, six months after he was placed on paid administrative leave following past sexual assault allegations. In a statement, Fairfax said the firm, Morrison and Foerster, investigated the allegations and found ‘no hint of wrongdoing.'” [Inside NoVa]
Crash Closed Falls Church Road –– On July 6 (Saturday) Magarity Road was closed at LaSalle Avenue due to a traffic crash involving a utility pole. The road reopened later that same day. [Fairfax County Police/Twitter]
Banks Coming Soon to Tysons — Great Falls-based Trustar Bank is looking to open a commercial lending office at 1650 Tysons Blvd in McLean, while VisionBank aims to open in Tysons later this year. Meanwhile, Tysons-based Old Dominion National Bank “has cleared $350 million in assets, is on track for $10 million in revenue in 2019, and will hit profitability toward the end of the year.” [WBJ, WBJ, WBJ]
Updated at 2:25 p.m. — Police said at 2:20 p.m. that “at this time there is no evidence to substantiate the threat” after completing their search. The bank is resuming its normal operations.
Earlier: Police are on the scene of a potential bomb threat at Provident Bank (7799 Leesburg Pike) in Falls Church.
Fairfax County Police said in a tweet this afternoon, below, that “a man called the bank indicating a bomb threat.”
Police told Tysons Reporter that the front desk was notified of a vague threat with very little credible information and after a search of the building no suspicious objects were found.
Following the threat, police remained at the scene to continue investigating the source of the call.
— Fairfax County Police (@FairfaxCountyPD) February 8, 2019
Image via Google Maps
Car Keys Stolen from Hotel Room — “8125 Gatehouse Road (Residence Inn), 01/22/2019, 10:36 a.m. A guest left their room unlocked and someone entered the room and took keys to a car belonging to the guest. When the guest went to look for their car, they noticed it was missing. The car is a black 2014 Honda Accord.” [FCPD]
Va. Minimum Wage Bill Defeated — “A local legislator’s efforts to give Virginia’s 133 cities and counties the power to set their own minimum wage has gone down, probably predictably, to defeat in Richmond.” [InsideNova]
Hedgehogs Now Legal in Fairfax County — “Despite strong opposition to hedgehogs as suitable pets, the Fairfax County Board of Supervisors approved adding them to the list of commonly accepted pets, along with chinchillas and hermit crabs.” [Reston Now]
New Local Bank Launching in Tysons — “VisionBank aims to be Greater Washington’s next community bank — and it’s gathered a group of longtime bankers with plans to launch in Tysons later this year.” [Washington Business Journal]
Weather-Related Road Closures — Amid windy weather, several roads are closed around the area due to downed trees. [FCPD]
Bank to Hold McLean Grand Opening — MVB Bank is planning a grand opening for its new banking center at 1313 Dolley Madison Blvd., Suite 100, McLean. The location opened in early September. [Virginia Business]
Vienna Conducting Resident Survey — “The Vienna town government is in the process of taking the pulse of town residents through a new survey, which is being sent to 1,600 randomly selected households.” [InsideNova]