A local bank’s star is on the rise, a South Carolina-based competitor makes a big splash in the Richmond area and a national banking giant establishes its first local presence. Plenty of executive shuffling and branch openings this year.
Downtown-based Union Bank & Trust began and ended the year in acquisition mode.
In search of an eight-figure cash pool to help pay off hefty legal settlements, the former top brass of a toppled Richmond blood testing company are suing two major insurers who allegedly wrongfully denied them coverage in the wake of the firm’s collapse.
Richmond BizSense is making its annual call to all locally based, privately held companies as we compile our biggest and most comprehensive BizSense List of the year.
Nearly two years after his last employer was acquired by an out-of-town competitor, a veteran local banking executive has come off the sidelines to help a Northern Virginia-based bank continue its push into the Richmond market.
Richmond BizSense and a festive crowd of 300 strong packed into a downtown office building undergoing renovations for the last Hard Hat of the year Wednesday evening.
Keeping its foot on the accelerator after announcing its latest acquisition, a Richmond-based bank this month unveiled a new branch in Chesterfield County and sold a shuttered location to a competitor in Wahoo country.
A local bank’s largest shareholder has tightened his grip on the company.
Less than a year after recruiting one of Richmond’s wealthiest families into its fold and setting up its first office in the city, a Hampton Roads firm has been acquired by a larger competitor that now has a chance to make a bigger push into Virginia.
A local golf nonprofit is eyeing another round of renovations at one of its venues and already has begun to line up funding for the project.
The Richmond market is home to yet another $1 billion bank.
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