While searching for a way to step back from the day-to-day, the owner of a local biotech firm found his answer on the Southside.
Downtown firm not immune to buyout offer
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.
Media General’s TV-station spree continues with $1.6B deal
The downtown-based TV-station operator on Friday announced it will pay $1.6 billion to acquire LIN Media in a massive deal that will create a colossal firm owning 74 TV stations in 46 markets.
Bank reaches for another zenith
A Richmond-based business bank announced a deal last week to buy a Gloucester-based bank with aspirations to expand deeper into Hampton Roads.
Former Hooters owner in legal faceoff with local lender
A Midlothian bank claims a bankrupt local businessman lied about his assets and wants a court’s help to get back at least some of what it loaned.
Dark days fade into rear view mirror for local banks
Twelve of the 14 local banks saw their nonperforming asset levels drop in 2013 compared to the previous year. And bankers say loan demand is creeping back.
Banking on four quarters of profitability
A Midlothian-based bank hit a milestone of profitability last year.
Mediation set for June in LandAmerica class-action suit
A defunct financial giant’s retirement account dispute is moving from the courtroom to the negotiation table.
Richmond storage firm moving to new ownership
A local portable self-storage company has found a suitor.
Comparison website steps on the accelerator
With a huge financial backing in place, a Glen Allen startup continues to muscle its way into the insurance industry.
A fruitful deal for local CEO
After paying a seven-figure fine, a nine-figure payday could be ahead for a real estate firm’s CEO.