A Richmond timeshare company with a vacation property in the Bahamas, was released from bankruptcy last week after a dispute with the estate of a Richmond attorney and two local churches.
Resort firm freed from Chapter 11
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.
TowneBank begins its move into Richmond
One of the dominant banks in Hampton Roads has a plan in the works to build its first branch in Richmond and has already hired a veteran local banker to lead the charge.
Latest Richmond bank deal is sealed
A Richmond-based bank is continuing to grow, finalizing a deal to acquire a smaller bank from Gloucester.
Trading Day: Local SEC filings for 6.26.14
Two local companies have nearly $300 million in acquisitions in the works. Plus a local Fortune 500 is in expansion mode. And a local bank gets some recognition on the stock market.
Rick Sharp, former Circuit City CEO and CarMax founder, dead at 67
“He didn’t know a Sony from an RCA, but I thought he was smart as hell,” said Alan Wurtzel, Sharp’s predecessor as Circuit City CEO. “I was right, he’s brilliant.”
Christian credit union seeks wider reach
A Richmond credit union with a religious niche has petitioned for a new designation that would give it more leeway to seek out customers at a faster rate.
Timeshare firm looks to settle dispute from attorney’s estate
As it hovers in Chapter 11 bankruptcy protection, a local timeshare and resort development company is close to settling a longstanding legal dispute with the estate of a deceased Richmond attorney. And if approved, the agreement could end with the sale of the firm’s resort in the Bahamas and a windfall inheritance for two local churches.
Trading Day: Local SEC filings for 6.19.14
A busy week for local banks as one opens its newest branch and another clears one of the final hurdles in its latest acquisition. And a local tobacco company must pay a $57 million fine related to some of its European operations.
DealFlow: Investment banking/M&A roundup for 6.18.14
A local firm works a $1B deal. Transactions closed by Harris Williams, BB&T Capital Markets, Matrix Capital Markets and others. Plus local deals in banking, insurance and booze.
Firm’s acquisition count hits double digits
Armed with another big pool of money from a New York private equity firm, a fast growing Richmond insurance brokerage firm last month closed its 10th acquisition in three years.