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.
DealFlow: M&A roundup for 5.21.14
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.
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.
Local credit unions unite
Two Richmond credit unions joined forces last week in a merger that will add $18 million in assets to the surviving institution and give it a presence on both sides of the James River as it looks to expand.
Trading Day: Local SEC filings for 5.1.14
A downtown firm said it is cutting 45 jobs, including two of its higher level executives. First quarter dividend season begins and Richmond’s king of tobacco finishes off an e-cigarette-related acquisition.
Look for the Union label – on a bank
Richmond’s biggest bank borrows from the past as it streamlines the name of its Union Bankshares holding company and plans to rebrand itself.
Firm gets new $4M home, complete with big rig in the sky
A local auction and real estate firm has a shiny new home and a new umbrella identity.