An Innsbrook-based wine and spirits distributor is toasting to its first merger that expands its territory over the entire state of Wisconsin.
Distributor absorbs Midwest wine firm
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 nears big move to new branch
A Memphis-based bank that has been operating under the radar in Richmond since 2008 is getting ready to make its first big visible push into the market with a branch at Reynolds Crossing.
Trading Day: Local SEC filings for Feb. 12, 2015
This week’s local filings include a warning received by a local bank that its stock will be delisted as its in the midst of a capital raise, a pair of local directors buy thousands of shares and a Richmond REIT changes the terms of a big line of credit with a major lender.
RadioShack aftershock reaches Richmond
After the national retailer filed for bankruptcy last week, it published a list of more than 1,700 stores it may close by the end of March. On the chopping block are 11 local stores totaling 27,000 square feet.
Bank launches student debt program
A Midlothian bank is rolling out a plan to tap into a huge market of college grads who need to restructure their student loans.
Finance vets fire up advisory firm
A new financial firm has launched downtown that aims to build its business on straightforward 401k plans for small companies across the state.
Trading Day: Local SEC filings for Feb. 5, 2015
The number two executive at Richmond’s richest company is stepping down. Plus, shuffling in the executive ranks at a Midlothian bank, a $2 million option cashed out by a local insider and dividend season continues.
Merger scoops up 30-year-old Ashland firm
A Philadelphia-based industrial firm has acquired an Ashland company, continuing the new year’s M&A streak.
New bank builds its manpower
Shorty after a huge merger brought it into the Richmond market, the newest bank in town is siphoning off talent from its competition.
Eyeing IPO, food dealer broadens its reach
One of Richmond’s biggest privately held companies, which is weighing an IPO, has a deal in the works that could help it capitalize on the controversial combination of its two largest rivals.