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.
N.C.-based Southern Bank continues Richmond push with first full-service branch
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.
‘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.
Atlantic Union gets shareholder, regulatory approval for massive Sandy Spring acquisition
The pending deal to create a $39 billion regional banking behemoth looks to have a clear path to the closing table.
New president installed at Sands Anderson law firm
“It’s fair to say if you’re not growing, you’re dying,” Geiger said. “We have 79 lawyers, we’ve moved offices, increased technology and we’re on an upward trajectory.”
Long-running Dominion Aviation sold to private equity-backed firm
It took a yearslong courting by a fellow aviator and a nudge from his wife to convince Mike Mickel to sell his private jet management and charter company after four decades in business.
