Anderson Strudwick will officially lose its independence. After a false start, the locally-based financial services firm will be acquired by a Tennessee-based financial services company. The price tag on the deal has not been released. Anderson Strudwick’s president George Nolde confirmed in a phone message yesterday that shareholders at the company, which was one of Richmond’s last independent brokerages, approved a stock sale this week to Wunderlich Securities.
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
NewsFeeds 4.16.09
State set to issue stimulus contracts for highways (Times-Dispatch) The state will award the first contracts, worth about an estimated $111 million for highway paving work, in May. President of Hampton Roads Bankshares resigns (Virginian-Pilot) Three and a half months after becoming president of Hampton Roads Bankshares Inc., D. Ben Berry resigned abruptly, the Norfolk-based… Read more »
The Richmond tax day tea party
Three years for bank to become profitable
Pour a round of the good stuff. After three years in operation, Virginia Business Bank recorded its first quarterly profit in this year’s first quarter.
Newsfeeds 4.15.09
New facility protects corporate assets (Inside Business) Free once you register: The $15 million Williamsburg Health Evaluation Center, a health diagnostic center that combines five-star amenities with diagnostic technology, is like a day spa that could save your life. Why You Should Give Up Your Land (Slate) Community land trusts can prevent foreclosures, yet few… Read more »
Circuit City back from the grave?
It’s still alive, sort of. A computer firm called Systemax Inc. is seeking to buy the trademark names and rights to the Circuit City website for $6.5 million. There will likely be an auction May 11th for the rights. Systemax previously bought similar rights to CompUSA. And former Circuit City stores across the country are… Read more »
NewsFeed 4.14.09
Hanover sporting-goods store asks for rezoning to expand (Times-Dispatch) Green Top Sporting Goods, a landmark store on U.S. 1 that specializes in guns and gear for hunting and fishing, could move into a bigger building at its site just north of Virginia Center Commons. Local home sales drop yet further (Daily Progress) Local home sales… Read more »
Union battle heats up in Virginia
The battle over federal legislation that would allow workers to more easily unionize is rapidly heating up in Virginia.
A tour of Brett’s Comic Pile
Music for this video was provided by local artist Crenshaw.