Doug Pertz of Brinks had the biggest haul with $13.9 million in compensation, up 65 percent from 2019. Altria’s Billy Gifford was No. 2 with $12.23 million.
Pay of local publicly traded company CEOs rose 28 percent in 2020
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.
United Bank buying its way into Richmond with Essex Bank acquisition
The deal, valued at $303 million, will add Essex’s $1.7 billion in total assets and 24 branches to United’s $27 billion and current network of 223 branches.
Performance Food Group unseats Altria as top local firm on Fortune 500
Despite the shuffling in rankings, the region landed its usual seven companies on the coveted annual list of companies with the most annual revenue.
SunTrust transitioning by vacating big swath of Innsbrook-area office space
The bank, as part of combining with BB&T as Truist Bank, will vacate its 250,000-square-foot suburban campus at 11011 and 11013 W. Broad St.
LeClairRyan trustee wins bid to keep Matson settlement details sealed
The decision came much to the chagrin of UnitedLex, a legal services firm that is owed $8 million from LCR and is in the midst of litigation with its trustee.
‘This is the future of golf’: Reinvented Belmont Golf Course ready to tee off
Monday’s re-opening ceremony treated the crowd to a near hole-in-one on one of the inaugural tees shots and a chip-in moments later — all while Davis Love III looked on.
LeClairRyan bankruptcy trustee looks to sell off law firm’s accounts receivable
The trustee also has asked to seal certain records from public view, particularly those related to former LeClairRyan general counsel Bruce Matson.
Hild sentencing date pushed back after he hires new lawyer
The former CEO of Chesterfield-based mortgage company Live Well Financial was found guilty of a massive bond pricing scam.
Schwab, TD Ameritrade consolidate Short Pump branches after merger
The Schwab office at 11657 W. Broad St. closed and moved in with TD at 11108 W. Broad St. The building, which now wears Schwab signage, has employees of both brands onsite.
Richmond investment management firm TSW to be acquired for $320M
Thompson, Siegel & Walmsley, with $23.6 billion in assets under management, will be 100 percent owned by Australia’s Pendal Group when the deal closes.