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Financial Services Law Insights and Observations

Virginia issues modified stay at home order identifying banks and financial institution as essential retail businesses

State Issues Covid-19 Virginia Financial Institutions Retail Banking Bank Compliance

State Issues

On December 10, the governor of Virginia issued a modified stay at home order limiting travel and gatherings for Virginia residents and operations for certain businesses. However, banks and other financial institutions with retail functions are considered essential retail businesses and may continue to remain open during normal business hours. All businesses, including essential retail businesses, are advised to adhere to the Guidelines for All Business Sectors.