Local firms have worked some nine-figure deals recently, plus deals from Smither & Co., Matrix Capital Markets, Davenport & Co. and more.
DealFlow: M&A roundup for 6.20.12
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.
The R&D Dept.: Patents for 6.20.12
A busy week for patents with inventions from Afton Chemical, Magellan Systems, Altria, Dupont and a local man who patented a tuning device for drums.
Prime property near VCU going to auction
The half-acre property at 1109 W. Marshall St. is headed to foreclosure more than two years after its owner, the Commonwealth Cancer Institute, went bankrupt.
Bank of Virginia gains momentum
Fresh off its first profitable quarter in almost three years, a local bank is looking to raise capital and potentially go on a buying spree.
Jobs-seekers’ haven to close
A center for displaced workers is shutting down after a three-year run in Innsbrook.
Village Bank slips down a rung
The local bank became one of the lowest rated banks in the state, according to ratings released this month.
More of French’s follies to be auctioned
Bank of Hampton Roads is foreclosing on two buildings in Scott’s Addition and hoping to recover some of the $15 million it lent Justin French.
A digital room of their own
After an annoying battle with a cyber-squatter, a local startup has rebranded itself and raised a fresh round of capital.
Trading Day: Inside the SEC filings for 6.14.12
A local bank reveals its executive pay packages and is planning a reverse stock split. Plus big options cashed out by local executives.
Drive-through deal
In its third deal since September, a Glen Allen-based insurance brokerage firm has acquired an agency that caters to fast food restaurants.