A wave of consolidations hit Richmond this year as smaller banks combined forces. And 2014 saw the formation of a mini banking hub in the West End and the expansion of several out-of-town banks into the Richmond market.
After getting a taste for triathlons, the head of a fast-growing local pet goods company turned a new hobby into his latest business venture.
Quarterly ratings of banks and federal credit unions show that a struggling local bank is turning things around. And other area banks have also shown improvement or stability. But one Chesterfield credit union fell in the ranks and is now the lowest-rated financial institution in the market.
A local CFO gets a hefty new salary, a REIT urges its shareholders not to sell out to a West Coast firm and a Markel sells off some his shares.
A self-storage company has scooped up one of the few remaining undeveloped plots of land in the crowded Short Pump area.
A Richmond bank is pulling its chair up to the closing table after receiving the last needed approval to move forward with an acquisition by Hampton Roads’ TowneBank.
With one high-profile deal behind it, a local auction firm is prepping for the huge upcoming sale of some 400 apartment units held by convicted developer Billy Jefferson.
The local M&A market is closing out the year with a bang. Three local companies have announced their acquisitions, including one deal this week valued at $850 million.
A West Coast investment firm is trying to lure shareholders of a Richmond REIT. A local banker cashes out some options, and an insurance executive sells off some shares.
A $36 million dual hotel developed by locally based Apple Hospitality REIT opened in Shockoe Slip this week.
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