Federal prosecutors are seeking a prison sentence of 30-37 months for longtime Fed employee Robert Brian Thompson, while he has asked for 15 months.
Former Richmond Fed employee to be sentenced this week for insider trading scheme
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at michael@richmondbizsense.com or 804-855-1037.
‘We’re running out of time’: Local PGA tourney still short on sponsors as deadline looms
The popular annual tournament soon to be formerly known as the Dominion Energy Charity Classic is in a down-to-the-wire search for new sponsors to pony up and prevent it from potentially being forced to leave the Richmond region after this year.
TowneBank gets regulator go-ahead for Village Bank acquisition
The all-cash deal, valued at $120 million, is now set to close early next month and would double TowneBank’s Richmond-area branch footprint.
N.C.-based Southern Bank continues Richmond push with first full-service branch
After making a fairly quiet entrance into the Richmond market two years ago, the $5 billion Mount Oliver, N.C.-based bank is looking to ramp things up.
‘The money was gambled away’: Local CFO gets 9-year sentence for stealing $6M from injured child fund
“This is certainly a case that calls for deterrence. We need to send a message: you cannot steal from agencies of the commonwealth and get away with it,” said Judge John Gibney.
‘Jet-setting’ local CFO who stole millions from Virginia Birth Injury Fund to be sentenced today
John Hunter Raines admitted to using the embezzled funds on private jet trips, limo rides and a gambling and booze habit. The judge in his case has signaled he won’t show leniency at sentencing.
First Bank taps longtime local banker Shearin to lead Richmond operations
Fresh off an acquisition that significantly expanded its footprint in the region, the Strasburg, Va.-based bank has hired a seasoned local CEO to help lead its growth in Richmond.
Airport Commission expected to weigh lease extensions, renovations for Richmond Jet Center, Million Air
There appears to be progress in clearing up at least some of the turbulence between Richmond International Airport and its two fixed-base operators.
Local credit union buys Innsbrook building for new HQ
The deal that will see the $500 million credit union move its home base shift from South Richmond to Henrico County.
Stuart Siegel settles embezzled funds lawsuit with estate of deceased assistant
A dispute that began with accusations of stolen money and a mysterious death has come to a quiet end in Henrico County Circuit Court.
