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.

Bike race brings big contract to local firm

BizPort Childress ftd

The massive cycling championship event is rolling into town in less than a month, and with it comes big opportunities for local companies to put their name on display.

Accounting firm buys out Innsbrook HQ

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In a $6.2 million deal that gave its partners a chance to grab some real estate equity, an accounting firm has fully taken over its Innsbrook headquarters building.

Bank exec switches teams

First Tennessee Bank Reynolds Crossing ftd e1494275952118

The former Richmond CEO of SunTrust is jumping back into bigger business after a few years with a smaller local bank, and her position is aimed at growing her new company’s presence in Virginia.

Bank moves for first local branch

10561 Telegraph Road Citizens Bank ftd

A Rhode Island bank has applied to open its first branch in the local market – but the new location will be aimed at the company’s 600 local employees.

Biotech firm maneuvers for better spot on stock market

Ampliphi Biotech Park 800 E Leigh ftd

With a recent capital raise giving a $13 million cushion, a downtown bioscience company completed a 1-for-50 reverse stock split in hopes of moving up in the stock market ranks and drawing more funding for clinical trials.

Accounting firm adds on another acquisition

One of Richmond’s largest accounting firms has bought another office from a large competitor, bolstering its presence in the D.C. market and its employee roster.

Investment firm launches $35 million fund

westbroadvillageapartments1 ftd

A private equity company with a hand in several major commercial real estate projects is already filling its next fund more than $26 million in investments so far.

Bank lures new CEO from retirement

bank of virginia ftd

For its new CEO, a Midlothian bank turned to the retired former chief of StellarOne, whose long banking career has included several large M&A deals.

Local bank makes Bon Air debut

Essex Bon Air 2 ftd

A bank’s CEO has brought the company to his hometown of Bon Air and revived a vacant branch building, and he thinks the new location can bring in $15 million in local deposits by year’s end.