CapGen Capital Group has asked regulators for permission to acquire a controlling interest of Hampton Roads Bankshares.
Equity firm wants tighter grip on Va. bank
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 business of blood
One of its biggest and longest-standing local hospital clients of Richmond’s hometown blood supplier has severed their relationship.
Trading Day: Inside the SEC filings for 3.22.12
Find out which local executive made more than $10 million last year, plus an executive at one of Richmond’s biggest companies is stepping down and a director is leaving his post to run for Congress.
Welcome to the black
A scrappy local bank had its first profitable year in 2011.
Union First prunes its branches
The area’s biggest bank is closing four of its Virginia branches, including one in Richmond.
Local insurance consolidation continues
KSPH said Tuesday that it was acquired by White Plains, N.Y.-based Marsh & McLennan Agency.
Trading Day: Inside the SEC filings for 3.15.12
Big bonuses this week for three local executives, plus a local company’s debt troubles forced it to miss a deadline for filing its annual report.
MeadWestvaco pulls the wrapper off its R&D lab
The packaging giant on Tuesday unveiled its new Center for Packaging Innovation, a 48,000-square-foot, $13 million facility in Eastern Henrico.
A price cut fit for a king
The asking price on the gargantuan home known around town as the “the castle in Goochland” has been cut almost in half.
DealFlow: M&A roundup for 3.14.12
Deals this month for Cary Street Partners, Ewing Bemiss, Matrix Capital Markets and a huge deal closed by BB&T Capital Markets.