A CarMax director steps down. A local REIT is looking to raise $38M. And a Richmond tobacco supplier is getting into the sweet potato business.
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.
Bank out from under TARP
A Glen Allen-based bank on Wednesday used a loan to buy back its remaining $10M worth of TARP shares from the U.S. Treasury. It was the last remaining local bank in the once-controversial program.
A fight over the fine print
A bankrupt Richmond restaurateur has thrown a legal jab back at a Midlothian bank, including an argument about font size.
DealFlow: M&A roundup for 4.23.14
Hundreds of millions of dollars worth of deals closed by local investment banking firms this month including Harris Williams, Transact Capital and BB&T Capital Markets.
Deal bagged for golf equipment
A Richmond-based golf gear maker has scored an acquisition north of the border.
It was good to be the king in 2013
The CEOs of 13 local publicly traded companies saw the value of their total pay packages rise by an average of $749,000, or 10.6 percent, last year.
Trading Day: Local SEC filings for 4.17.14
A local bank executive is stepping down. A Richmond firm takes a hit on currency exchange. And a CarMax exec cashes out a stock option.
The R&D Dept.: Local patents for 4.16.14
New inventions arriving with patents from Afton Chemical, a newly renamed Shockoe Bottom firm, MeadWestvaco, Dupont, Honeywell and more.
Bank settling into former Circuit City HQ
It’s hard to miss the fact that Essex Bank has arrived at its new headquarters.
Local bank gets a $15M cushion
Continuing its hot streak, a Midlothian-based bank has struck a deal to pad its coffers in a big way. And it’s adding two new branches.