Economics Commons^™

Part 7: Banking In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The economic impact of the disappearance of the headquarters of large banks from the region, and from Virginia, has been quite negative. In this chapter we contrast Virginia and Hampton Roads to North Carolina, and demonstrate that the wave of banking mergers and consolidations that occurred over the past two decades, but particularly in the 1990s, has not been good for Hampton Roads.