Richmond’s biggest bank will pass the torch of its mortgage origination to a Chicago-based lender with a larger operation.
Union winding down residential mortgage unit
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Markel | Eagle eyes $25M raise
The local private equity firm, which invests in real estate projects, is back in coffer-filling mode for its fourth fund since 2010.
Henrico startup raises $7M, led by local VC firm
Continuing what’s become an annual tradition, a young financial services company has capped off yet another big capital raise.
Gang of McCandlish Holton lawyers go their own way
A group of attorneys has jumped from a larger downtown law firm to start their own operation – and they’ve come out of the gate with three offices statewide.
Simulator-powered golf venue planned near Scott’s Addition
Where Broad Street buses bound for Chinatown once docked, golfers soon will be teeing off.
Former MGT Construction employees to face questions, turn over documents in bankruptcy case
A liquidation trustee is continuing his investigation into the longtime local general contractor that fell into bankruptcy in February.
Henrico looks to farm out Belmont Golf Course operations
Management of the course soon could swing over to a third party and be taken out of the hands of the county.
Union Bank president steps down
A cancer diagnosis has forced John Stallings to step back and Richmond’s biggest bank to search for a replacement.
Richmond bank is oceanfront-bound
Making good on its previously stated plan to expand farther into Hampton Roads, a locally based bank has found a spot for its first location in Virginia Beach.
Union building from scratch on Iron Bridge
Richmond’s biggest bank is adding to its local branch count with a new storefront it hopes to open late this year.