More than a year after stepping away from the state’s top post at Bank of America, Gary Gore is back in the game. The former Richmond market head and Virginia president of BofA has launched ACIMA Private Wealth, an investment advisory firm in the West End. It primarily will target families around the Southeast with… Read more »
Ending a five-year effort, a Midlothian bank has unloaded its former headquarters building in a sale that takes it a step closer to finally ditching the last of its recession-era regulatory burden. Village Bank announced Thursday it has sold its Watkins Centre building, a 70,000-square-foot office that it built in 2008 for $12.25 million. The… Read more »
A local bank holding company is pulling up stakes in river country and heading to Innsbrook. Eastern Virginia Bankshares, parent company of EVB, announced Wednesday it will relocate its headquarters later this year to 10900 Nuckols Road. President and CEO Joe Shearin said the company has leased just under 19,000 square feet in the building,… Read more »
A local firm’s billion-dollar transaction is among deals this month from Matrix Capital, BB&T Capital Markets, Dominion Partners and more.
The PGA Tour’s return to Richmond has caught the eye of another wave of sponsors. The Riverstone Group, part of well-known local businessman Bill Goodwin’s CCA Industries, along with TowneBank, have signed on to sponsor the Dominion Charity Classic, a tournament on the PGA’s Champions Tour that will be held at Country Club of Virginia… Read more »
Armed with a foursome that jumped over from another company, a Richmond-based bank has made its move further into the North Carolina market. Union Bank & Trust announced last week the opening of a commercial loan production office in Charlotte. The move was spurred by the addition of a team of commercial bankers from NewBridge… Read more »
Richmond’s largest local bank has sealed a deal in Charlottesville to expand its wealth management business. Union Bank & Trust on Tuesday finalized its acquisition of Old Dominion Capital Management, a Charlottesville-based investment advisory firm that will add its $300 million in assets under management to Union’s $1.9 billion in wealth management assets. Financial terms… Read more »
A months-long impasse between a local urgent care chain and the state’s largest health insurer has been resolved. Glen Allen-based Patient First announced Wednesday it has reached an agreement to once again accept new patients insured by Anthem, bringing an end to a dispute over reimbursement rates. The agreement, which became effective Tuesday, allows new… Read more »
Correction: This story has been updated to correct the fact that SunTrust Robinson Humphry represented Luck in the Har-Tru transaction, while Dickinson Williams worked the Luck Stone Centers deal. A Goochland firm has sold off its retail operations in a round of deals that mark the completion of the disposition of two of its four business… Read more »
The bankrupt former operator of an ethanol plant in Hopewell has a plan to liquidate its assets, but there likely won’t be much left over for creditors. Vireol Bio Energy, which operated the 55-acre ethanol production facility at 701 S. Sixth Ave. in Hopewell until a sale last October and entered bankruptcy shortly thereafter, filed… Read more »
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