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LandAmerica bankruptcy comes to a close

LandAmerica bankruptcy comes to a close

Michael Schwartz January 6, 2016 2

Seven years and hundreds of millions of dollars since spiraling into bankruptcy, the former insurance giant has finally been laid to rest, settling with creditors and unloading a lavish California mansion.

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Banks ring in New Year with $87M merger

Banks ring in New Year with $87M merger

Michael Schwartz January 5, 2016 0

A North Carolina bank finalized its acquisition of a local institution right at the start of 2016, creating a $3.1 billion company with a new branch in the works in Hanover.

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Markel|Eagle wraps up $29M raise

Markel|Eagle wraps up $29M raise

Michael Schwartz January 4, 2016 0

Surpassing its original $25 million goal, the private equity firm has capped another capital raise and will turn the money first toward a mixed-use project in North Carolina.

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Editor’s Picks: Our favorite stories of 2015

Editor’s Picks: Our favorite stories of 2015

Michael Schwartz December 31, 2015 0

Out of the hundreds of business stories we publish each year, a few stand out -- quirky startup hits, a twist in a story we've been following for years, or breaking news we had

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Year-end statement: Banking news of 2015

Year-end statement: Banking news of 2015

Michael Schwartz December 29, 2015 0

TowneBank started 2015 off with a banking bang and continued to make headlines with its local expansion. Other out-of-town banks also planted their flags in the market and local institutions continued to improve.

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Ethanol plant case spills over into Chapter 11

Ethanol plant case spills over into Chapter 11

Michael Schwartz December 22, 2015 0

After being pushed toward forced bankruptcy by some of its creditors -- including an arm of Dominion Resources -- the short-lived owner of a Hopewell ethanol plant has filed for Chapter

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TowneBank deal boosts its local lending clout

TowneBank deal boosts its local lending clout

Michael Schwartz December 21, 2015 0

A $220 million deal to acquire a Chesapeake competitor will nearly double the size of TowneBank's local lending force and will also fill out its ranks with some new executives.

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Church’s long battle with bankruptcy comes to an end

Church’s long battle with bankruptcy comes to an end

Michael Schwartz December 18, 2015 0

Congregants of a Southside church finally got the moment in court they have been hoping for this week, when a judge approved its bankruptcy plan after a few tumultuous years in Chapter

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Pastor cozies up to Trump, bankrupt church faces backlash

Pastor cozies up to Trump, bankrupt church faces backlash

Michael Schwartz December 17, 2015 1

Nearing the end of a long battle with Chapter 11 bankruptcy, a Southside church is trying to do some damage control after its founding pastor met with and publicly endorsed Donald Trump's run for

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