As we do this time each year, we’re proud to showcase BizSense’s best reporting, best writing, best photography, most quotable characters and memorable headlines from the last 12 months.
This year’s best local business-of-golf stories include one course sold, plans to breathe new life into three former courses, plus news of golf belts and golf cocktails.
Plenty of high-profile white-collar criminal cases played out in local courtrooms this year, while the local legal industry saw changes from mergers, lateral moves and expansions by out-of-towners.
A long-fought bank vs. credit union battle came to an end this year, while out-of-town continued to show up for a piece of the Richmond market.
The bank first expanded into the Richmond market in August 2020 with a two-person team. It now has seven on the ground here and just leased a bigger office in Henrico.
The day after Hild’s conviction was upheld by a judge in Manhattan, the bankruptcy trustee of his collapsed mortgage company looked to capitalize on the long-awaited decision.
“It’s a good first office purchase,” said Aaron Kroll, co-founder of Sterling Point Advisors, which is keeping its momentum going with the office purchase.
The Northern Virginia-based bank is taking over a former SunTrust branch at the intersection of Robious and Huguenot roads in Chesterfield.
“There’s always risk in expansion but because the banking markets are planning for a recession, they invest more in risk management tools in a down market. So, we’re counter-cyclical in that the worse the economy gets, the more they need us,” said Michael Glotz.
The ruling comes 18 months after the former Live Well Financial CEO was found guilty of a fraud that toppled the company. He’s now set for sentencing next month.