After foreclosing on a 100-acre riverfront golf course, a local bank has already started fielding ideas for a potential redevelopment project.
Country club shuts down, draws developer interest
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.
Bank finally free of TARP
One of several local banks to turn to TARP during the recession has finally cut all ties with the federal program after spending $9 million to buy back shares of its preferred stock.
Local banks get a positive prognosis
The local banking market is continuing to improve, according to a recent quarterly rankings report, with two local banks jumping up in the ratings and the rest holding steady.
Pastor’s son settles disputes with bankrupt church
After turning a large profit on a suspect sale of former church land and being accused of abusing the bankrupt church’s funds, the son of a Southside pastor has settled two lawsuits against him and his businesses.
Elephant to expand staff, HQ
The insurance firm announced this week a three-year plan to add more than 1,000 jobs to its local office and spend $2 million on an expansion of its headquarters.
Startup diving into dirty laundry business
Two college friends are giving a laundry service concept a whirl in Richmond with plans to start checking laundry off Richmond to-do lists next week.
Real estate firm seals acquisition, turns to $30M raise
A real estate management company doubled its property portfolio in a purchase of a Texas firm, and it’s looking for more acquisitions in the future with help from a planned capital raise.
Credit union kicking off expansion with new branch
With the OK to expand in the Richmond region, a credit union has scooped up space for a new branch in Chesterfield County.
Bank pulls out of West End mall site
A banking giant shut down its branch at the struggling Regency Square mall as the property awaits an overhaul under new owners.
Chesterfield community rounds out golf course
An ongoing Chesterfield development opened up its newly finished back nine this week, part of a multimillion-dollar effort to upgrade the community’s golf course centerpiece.