Economy affects StellarOne’s earnings (Roanoke Times)
Nonpayment of loans on homes at Smith Mountain Lake continues to diminish the bank’s results. The Charlottesville-based bank earned $146,000 in the first quarter, down $2.1 million from the same period a year ago. The company posted a net quarterly loss after paying the federal government dividends on its $30 million TARP infusion.
Sentara hustling to land specialists (Virginia Gazette)
Despite the economy, healthcare services have continued to grow in greater Williamsburg. Over the last 15 months, 66 doctors have been granted hospital privileges at Sentara Williamsburg Regional Medical Center. Many of the doctors practice in Hampton Roads but wanted to tap the Williamsburg market.
Feeling More Secure, Some Banks Want to Be Left Alone (NY Times)
Emboldened by newfound profits and eager to shake off federal control, a growing number of banks are resisting the Obama administration’s proposals for fixing the financial system. Lenders that skirted disaster only months ago with the help of taxpayer dollars are now balking at government prescriptions.
Firm’s Ex-Officials Charged With Fraud (Washington Post)
The Securities and Exchange Commission yesterday charged former top executives at one of the big beneficiaries of the housing boom, American Home Mortgage Investment Corp., with accounting fraud and making false disclosures at the start of the mortgage crisis in early 2007.
Obama’s First Business Report Card (Business Week)
Corporate leaders give President Obama and his team relatively good grades 100 days in, but the devil is in such details as card check and corporate taxes.
Mastering Confidence (BNET)
It’s easily lost, dangerous in large quantities, and elusive to pin down. Learn how to maintain — and wield — the perfect amount of confidence.