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.
Michael Schwartz
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.
Builder begins work on new downtown digs
A commercial construction firm is building out a space for itself downtown as it readies to leave its longtime West End office.
Bank taps new regional president
One of the largest banks with local operations has picked a successor to its longtime Richmond regional president, who retired last week after 42 years in the industry.
DealFlow: Investment banking roundup for May 27, 2015
Deals this month from Harris Williams, Cary Street Partners, BB&T Capital Markets, a local golf gear maker and a Southside financial firm.