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.

Sneak peek: Cabela’s in Short Pump

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Cabela’s 82,000-square-foot store, the retailer’s first in the Richmond market, is set for an April 6 opening as one of the anchors of the still-under-construction West Broad Marketplace, located just west of Short Pump Town Center.

West End accounting firm grabs more of Baltimore

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The height of tax season isn’t stopping a local accounting firm from striking deals. PBMares, which moved its headquarters to Richmond in 2013 after a large merger, announced this week a deal to absorb Neuman & Associates, a small, specialty tax practice in Baltimore. The combination, which was consummated Feb. 1, adds two new partners… Read more »

Downtown firm readies $30M offering

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Another Richmond company has its eye on the stock market. Medalist Properties, a downtown private equity firm that invests in commercial real estate, is in the process of creating a REIT that will look to raise up to $30 million through a public stock offering using new federal rules that make certain capital raises easier,… Read more »

Local firm begins its IPO push

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A Richmond real estate company has officially gone public with its bid to raise $30 million.

Genworth to pay $219M to resolve lawsuit

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Continuing to claim the suit is without merit, the Henrico County-based company said it will pay $219 million to resolve the case filed by a Michigan retirement fund in late 2014.

Bank gets green light for Libbie Mill outpost

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As it works to complete its new local headquarters downtown, TowneBank is moving forward with another new location at a major development to the west. The Hampton Roads-based bank last month received approval from state and federal regulators to open its latest Richmond branch, in Gumenick Properties’ 80-acre Libbie Mill Midtown development off Staples Mill… Read more »

Local couple pleads guilty, avoids stimulus trial

In a twist, just days before they were set to face trial in Richmond federal court, a local husband-and-wife team of entrepreneurs has pleaded guilty in a case that questioned whether they abused a recession-era stimulus program. Morris and Chiroya Cephas entered guilty pleas on Feb. 24 of one count each of submitting false documents… Read more »

Local bank CEO steps down, spins off student loan startup

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Jack Zoeller is going back full-on into startup mode. The founder of Cordia Bancorp, parent of Midlothian-based Bank of Virginia, has relinquished his role as CEO of the company in conjunction with his purchase and independent spin-off of CordiaGrad, a student loan refinance company that launched within the bank last year. The change was effective… Read more »