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.

Chesterfield credit union to merge with VACU

A small local financial institution founded nearly 60 years ago to serve employees of the Chesterfield County government is looking to be absorbed by the region’s largest credit union.

Thalhimer settles with MGT bankruptcy trustee for $1.5M

The settlement frees the real estate firm from any future liability related to the 2018 collapse of its construction subsidiary. It also helps to potentially free up more money to be paid to creditors.

Hild gets more time to respond to SEC charges

Embattled local businessman Michael Hild last week bought himself some extra time to respond to civil claims filed against him by the federal government.

Hilb Group acquired by Carlyle Group

The fast-growing local insurance brokerage has a new private equity backer to help fuel its continued wave of agency acquisitions.

Chase Bank eyes spot near VCU

With locations lined up in Willow Lawn and the West End for its initial Richmond retail push, banking giant Chase Bank is now going after the VCU market.