Richmond-based insurance brokerage last week finalized a deal for a large new round of private equity funding after buying out its previous investors and paying a more than 300 percent return.
Insurance brokerage scores new 9-figure war chest
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.
Longtime credit union CEO to retire
A succession is in the works at the top of one of Richmond’s largest financial institutions as its CEO will step down early next year.
DealFlow: Investment banking roundup for July 1, 2015
A huge month of deals for BB&T Capital Markets, Harris Williams, Dominion Partners and more.
Gottwalds back in the driver’s seat at Tredegar
With the abrupt departure last week of two top executives, a prominent Richmond family has grabbed a firmer hold on the direction of a local publicly traded company.
Credit union rolls out loans for bikes
With the popularity of cycling gaining momentum in Richmond, the area’s largest credit union is getting in on the trend with new loans for bike purchases.
Outlet billboard battle heads to Va. Supreme Court
A dispute between a Hanover landowner and the county over a pair of billboards to advertise an unbuilt outlet mall has risen to the state Supreme Court.
Student loan labyrinth poses new path for entrepreneur
After selling off his ice business, Richmond entrepreneur Mark Resnick turned his energy toward tackling a much bigger industry: student loan debt.
Country club shuts down, draws developer interest
After foreclosing on a 100-acre riverfront golf course, a local bank has already started fielding ideas for a potential redevelopment project.
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.