Weighing the possibility of another full branch, a Northern Neck bank is setting up another loan office in Chesterfield County.
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.
Financial firm’s bankrupt shell settles two lawsuits
After years of complex legal battles, the remaining shell of a longtime financial firm is shaking off a pair of lawsuits, receiving a payout from the company that acquired it and a limit on debt claims by shareholders.
With local talent, business brokerage expands to Richmond
A New York company that matches business buyers and sellers has launched its local operations with the help of a Richmond native.
143-acre golf club sold after foreclosure
A shut-down country club property was sold for $825,000 in Prince George county, and it will likely not be resurrected as a golf course.
Advisory firm moving into NC
A West End company has jumped into North Carolina’s Research Triangle with help from an industry veteran there and will use the move to gauge more potential expansions in the future.
Trio of deals bolster bank’s insurance business
After establishing its local banking presence through a major acquisition earlier this year, TowneBank is now building up its insurance operations and has bought out three smaller firms.
Genworth execs hit with two more lawsuits
A total of four lawsuits have now been combined against a handful of Genworth Financial executives and directors. All claim the individuals mismanaged some of the company’s operations and misled investors and point at big losses and low stock price.
Banks boost deposits, but market shares shift
Richmond-area banks have added a combined $3.4 billion in local deposits since last summer, but the clout of Capital One and a few new arrivals have chipped away at the market share of the area’s four major players.
A closer look at RVA’s fastest-rising firms
This year’s RVA 25 is our most diverse yet — and the top three fastest-growing companies on the list are a cross-section of the larger picture. See how a digital marketing firm, a pillowcase retailer and a swimming nonprofit rose to the top.
How two banks arrived at an $82M merger
The unexpected merger announcement Thursday between Park Sterling and First Capital banks has been on both companies’ radars for years – and the two sides almost joined forces once before.