The company, founded locally 20 years ago by Gil Grattan, signed a deal last month with a California-based private equity firm to take on its first ever round of outside capital.
The move was spurred by the firm luring a veteran local investment advisor from a rival to lead its expansion here.
The lawsuit’s ultimate goal is to allow the Chesterfield-based lender to take possession of the real estate, likely through foreclosure, and then sell it off to help pay down the $6 million loan balance.
Three courses in particular are seen as potential contenders to take on the tournament when its run at Country Club of Virginia ends next year.
The Richmond region’s biggest credit union has yet another initiative in the works to increase its size and stature in the state.
These are the stories that were the product of diligent source work, document digging or simply featured excellent writing or colorful characters.
It was another busy year for the local golf industry and we sprinkled in some recaps of other fitness and recreation stories.
In a year when rising interest rates kept the banking industry on its toes, two of Richmond’s biggest financial institutions in particular grabbed repeated headlines.
One of Richmond’s biggest financial institutions has closed out the year by taking a small Charlottesville credit union under its wing.
As it awaits construction of its first Richmond-area branch near Willow Lawn, the $45 billion Pennsylvania-based bank has already scouted out a second location in the region.
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