As the local commercial lending market heats up, one bank is downsizing its retail operations to try to grab a bigger piece of the business banking scene.
In commercial shift, bank to close two locations
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.
Downtown print shop sails to OBX
Printers running full speed to meet its massive bike race orders, a downtown printing company has made its move into the Outer Banks market.
Church’s escape from bankruptcy put on hold
Excited members of the congregation gathered at a federal hearing on Wednesday expecting their church to be finally free of Chapter 11, but the judge put off the approval of its reorganization plan for at least another month.
Is Richmond ‘overbanked’?
A string of new banks making their Richmond entrances – often offering hard-to-resist financing terms and setting up branches in high-traffic areas – has some local bankers wondering about the sustainability of such a competitive field.
Country club scores PGA tour deal
The PGA Champions tour is coming back to Richmond after 15 years after the PGA, a local country club and a major corporate sponsor struck a four-year agreement.
Alcohol distributor pouring into new market
An Innsbrook company is toasting to its second acquisition of the year as its expands its operations into a new state.
Finance firm jumps from downtown tower to the Bottom
As it works to build its in-house advisory team, a financial planning and software firm has made a leap into a bigger space in Shockoe Bottom.
Genworth execs slapped with two lawsuits
Two shareholders are striking out at the insurance giant’s executives and directors, alleging that their false assurances about a large chunk of the company’s business led to huge losses and class-action lawsuits.
Credit union lobbyists build home downtown
An organization for the state’s credit unions has put about $4 million worth of work into connecting and renovating a string of buildings downtown to serve as a home base during lobbying season.
Tax service firm’s former principal pleads guilty to $20M scheme
A Northern Virginia man faces a maximum sentence of 30 years after inflating tax figures for large clients to boost his own bonuses.