Chesapeake-based Monarch Bank is expanding in Richmond with the addition of a commercial lending veteran, demonstrating banks’ continued hunger for Richmond revenue.
Another out-of-town bank is hot for Richmond
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.
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.
Trading Day: Local SEC filings for 7.31.14
A new chief executive for a local Fortune 500. Another local CEO adds the title of chairman to his resume. And a Richmond firm breaks ground on a new facility in Singapore.
The return of RVA 25
BizSense is once again looking to find the fastest growing companies in Richmond. The application process is now open for our popular RVA 25 list and event. And this year we’ll celebrate on top of one of Richmond’s tallest office buildings.
Memphis firm targets Richmond wealth
A Tennessee-based financial firm has opened a branch of its wealth management division in the local market, adding to the investment banking operations it has had here since 2010. It has a veteran of the financial advisor scene leading the charge.
Q&A: Six months at the top
BizSense caught up with Union First Market Bank CEO Billy Beale last week to talk about Union’s first two quarters after a major merger, whether the performance of the combined bank has lived up to his expectations and the arrival of formidable competition on Union’s home turf.