Minor farm auction planned (Daily Progress) Creditors are planning to sell at auction the 204-acre Fox Ridge Farm, owned by entrepreneur Halsey Minor, to settle a $6.52 million mortgage on which Minor has defaulted. Ailing Banks Favor Salaries Over Shareholders (NY Times) A handful of big banks that are struggling in the postbailout world are,… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Banking Notebook: Merger moving ahead; bank will still be in grocery stores
Now that federal regulators have blessed the deal, two local banks can move ahead with their merger. Union First Market Bank, as the new company is called, will still have outlets in supermarkets.
The Herd: New hires and promotions for 1.27.10
Another lawyer switches firms, and a handful of bankers get promotions. Plus, a new board appointment at a startup bank.
Increase in bankruptcies predicted for 2010
The slow real estate market is sending more small-time rental property owners into bankruptcy, and one attorney says we haven’t seen the worst of the bankruptcy boom.
NewsFeeds 1.26.10
Va. coalition vows to create offshore wind industry (Inside Business) Judging by the early success the newly created Virginia Offshore Wind Coalition has had in attracting support from private industry and the political world, it’s clear just about everyone wants to stake a claim in the rush to develop a multibillion-dollar wind-generated energy industry off… Read more »
Why I still hate Twitter
Sometimes you doubt your instincts. Despite your gut feeling telling you Twitter is an absurd waste of time, you keep bumping into people who have seen the light. They seem normal. They dress well. And they can be very persuasive.
NewsFeeds 1.25.10
Monticello shuffle exploits New Town (Virginia Gazette) Despite struggling retailers and a foreclosure across the street, plans were filed this week for another shopping center on Monticello Avenue. This one is planned across from Settler’s Market, a section of New Town going to foreclosure auction. Lawmakers’ side jobs can pay big wages (Roanoke Times) Lawmakers… Read more »
City launches new website
The City of Richmond has launched a much-improved website. BizSense took it for a test drive, finding some neat ways it can help businesses and save time finding and completing required forms.
NewsFeeds 1.22.10
SportsQuest gets additional $15 million bond allocation (Times-Dispatch) SportsQuest — the 250-acre, $250 million sports megacomplex slated for groundbreaking in a matter of weeks in Chesterfield County — has gotten another significant financial boost courtesy of federal stimulus funds. J.C. Penney to close call center in Chesterfield, laying off 250 (Times-Dispatch) J.C. Penney Co. Inc…. Read more »
Business Licenses for 1.21.10
The City of Richmond did not provide licenses data. Best new name this week: Save the Soul, Housem@tters and The-Hebrew-Hippie.com.