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.

Xenith dumps HRB mortgage unit

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A Richmond bank has shed the residential mortgage arm it inherited through its big merger earlier this summer.

Judge approves $20M HDL-LeClairRyan settlement

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The pool of creditors waiting to be paid what they’re owed from collapsed local lab firm Health Diagnostic Laboratory are set to get a big boost.

Finance startup triples space in Innsbrook

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Fresh off a capital raise and financing round, a fast-growing local startup has taken more office space in Henrico and is in hiring mode.

Trustee hits former HDL insiders with $600M suit

The 205-page lawsuit alleges 76 counts against the various defendants, including fraud, unjust enrichment, negligence, corporate waste, conspiracy and breach of fiduciary duty.

Local golf courses: It’s not been easy keeping green

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Area courses have taken measures both drastic and creative over the last several weeks to protect their greens from the extended steamy blanket of weather that’s hovered over Richmond.