First Market Bank and Union Bank and Trust will combine operations with a new name—rather than operate as separate banks—when their parent companies merge. The initial merger deal between First Market and Union Bankshares Corp. called for First Market to operate as a separate subsidiary under the combined publicly traded firm to be called Union First Market Bankshares Corp.

Billions of dollars flooded into banks’ coffers as the credit crunch gripped the U.S. economy last year, but only a fraction of that stimulus money is going back into the community as loans, regulatory records show. Richmond-area banks that received taxpayer money meant to kickstart lending show only modest increases in loans on their books, a Richmond Times-Dispatch review of hundreds of pages of filings found.