A busy summer month for local investment banking firms with deals from Cary Street Partners, Transact Capital, Harris Williams and more.
Michael Schwartz
Members make a play to buy Dominion Club
A group of members at the Glen Allen country club are vying for ownership of the expansive property about two years after it exited Chapter 11 bankruptcy.
Trip to the beach sparks Richmond merger
A chance encounter helped kindle the deal between a downtown financial firm and a buyer in North Carolina.
Trading Day: Local SEC filings for 8.14.14
The COO of a local company resigns. A downtown Fortune 500 loses a director. And a local bank director gives a gift of shares to a Virginia university.
Another out-of-town bank is hot for Richmond
Chesapeake-based Monarch Bank is expanding in Richmond with the addition of a commercial lending veteran, demonstrating banks’ continued hunger for Richmond revenue.
Law firms swarm big Richmond mergers
Acquisitions in the works by a local bank and Fortune 500 company are being targeted by class action law firms from around the country, seeking to block the deals or force settlements.
Local firm buys The (other) Martin Agency
Keeping up its fast-paced buying schedule, the Hilb Group has closed a deal to buy The Martin Agency, an insurance agency that operates in Kentucky and Florida.
Trading Day: SEC filings for 8.7.14
A Midlothian bank decides on a reverse stock split. And a local CFO exercises some stock options in an otherwise quiet summer week for filings.
Credit union reaches for more members, new offices
Call Federal Credit Union has been approved for an expanded community charter that it plans to use to reach more potential members around the region and open five new offices.
Richmond CEO, two firms ordered to pay $70M for fraud
More than three years after being accused by the SEC of running a multi-state Ponzi scheme, a Richmond businessman and two of his financial firms were ordered on Friday to pay a massive fine.