Richmond police officers and firefighters have joined forces financially in a merger that combines the departments’ credit unions.
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.
Bankrupt church’s pastor accused of abusing estate funds
A pair of BMWs, a house in Ohio and offshore accounts make up a trustee’s lawsuit against the pastor of the bankrupt Richmond Christian Center and his two sons. And the church is facing another lawsuit from the winning bidder of a November auction.
DealFlow: Investment banking roundup for April 15, 2015
DealFlow is back after a brief hiatus. This latest edition is packed with deals from BB&T Capital Markets, Harris Williams, Matrix Capital Markets and others. Don’t forget to send your deals in each month to be among the closers.
Large bank climbs to top of quarterly ratings
A major Richmond bank has been boosted up to the best possible rating by Florida firm Bauer financial, which evaluates banks’ performance each quarter.
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Trading Day: Local SEC filings for March 12, 2015
Proxy season begins with companies revealing the pay packages for their top execs. Find out which local CEO had $20M in total compensation last year. Plus a local chief executive agrees to forgo a big severance payment as his company works to close a massive merger.
Entrepreneur buys back the family business
Travis Weisleder and his family sold their car dealer marketing business to a larger company in 2007. Now, he’s taking back control of the company.
High-end upgrades change golf club’s game
Just coming off renovations to its golf course, a Chesterfield club has unveiled its revamped clubhouse, which includes a high-end restaurant, event space and wine bar.
Bank gets green light for second local branch
A Northern Neck bank that recently opened on Patterson Avenue is finishing up the conversion of another former StellarOne branch and plans to open at the end of the month.
Trading Day: Local SEC filings for March 5, 2015
The new CEO of downtown company gets a six-figure pay raise, a company shuffles its board duties after the death of a director, and local bank changes accounting firms.