A sweet parting pay package for a Star Scientific exec. A member of the Gottwald clan makes a stock purchase in a local firm. And a local bank discloses its plan to finally get out of TARP.
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.
Life Line flat lines
A local credit union was shut down last week by regulators after it was deemed insolvent and beyond repair.
Downtown REIT marches on despite new lawsuits
So far the suits have been minor obstacles as Apple REIT Cos. builds a hotel in Shockoe Slip and looks to potentially list shares of its Apple Hospitality REIT on a public stock market.
Letter from the editor: BizSense is on a mission (and there’s a deadline)
Now is not the time for pre-summer procrastination. Make sure your firm is recognized among its peers for its good deeds. There’s only one week left to be part of the inaugural class of Generosity Inc.: RVA’s Most Charitable Companies.
DealFlow: M&A roundup for 5.21.14
Another busy month of deals with hundreds of millions closed by a local firm, two deals from Dominion Partners, a Southside publishing company changes hands, and more.
Debt dispute hits shell of former downtown firm
In a last ditch effort to collect on an unpaid loan, a local investment banker is trying to force the remnants of a longtime Richmond financial firm into bankruptcy.
Sam Kornblau, elder statesman of Richmond development, dead at 91
The Richmond real estate scene lost another big name this week. Sam Kornblau, who was affectionately known as The Chief and had immense influence on some of the region’s largest real estate companies.
A $2.3M weight lifted
Another local bank has cast off the last of its TARP baggage.
So long, StellarOne
Union First Market Bank has fully integrated StellarOne, including doing away with the seven-year-old StellarOne name.
Bob Atack, prolific local developer, dies at 66
Bob Atack was the mastermind behind thousands of home sites at dozens of subdivisions across the region. He died on Wednesday.