One of the larger newcomers to the Richmond banking market has made its biggest local splash to date with plans to acquire First Capital Bank in a deal valued at $82.5 million.
Breaking News: Glen Allen bank to be acquired
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.
Union Bank president to retire
After 25 years with the bank, Union President John Neal is retiring at the end of the year, leaving the CEO to fill the position.
Startup shuffle in Shockoe Bottom
Amid a transition period, a charity donation startup backed by several big-name investors has vacated its Shockoe Bottom space. But the office was quickly filled by another new company led by the former CEO of Snagajob.
NC restaurant touching down at Short Pump
A restaurant chain is making its first play in Virginia with plans to take over the former Mimi’s Cafe space in a Short Pump shopping center.
Another bank raises its flag on Patterson
Chesapeake Bank has joined the busy banking stretch of Patterson Avenue in a freshly remodeled branch that will serve as its local headquarters.
Country club cutting ties with outside management
Amid staff turnover and its third-party management firm’s merger, a 100-year-old Lakeside country club will revert to managing day-to-day business own its own, with help from some new talent.
Bank reaches top rank in second quarter
As Richmond-area banks continue to rise in performance quarter to quarter, another local institution has joined the top of the pack.
Goochland company sets IPO pricing
In a bid to go public for the first time since it was taken private in 2008, a local food distribution giant announced that it could raise as much as $400 million in an initial public offering.
Hanover golf course combats closure rumors
Going as far as radio ads for public reassurance, the owner of a Hanover golf course is trying to quell rumors of an imminent development on the land – but the developer does have some far-off plans for a project there.
Bank gets release from FDIC agreement
Six years after taking over the loan portfolio of a Maryland bank that shut down during the recession, a local institution has arranged a multimillion-dollar way out of an FDIC program that mitigates the risk of such a deal.