One of Richmond’s biggest financial firms closed Monday on a deal to sell off yet another piece of itself.
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.
Used cars, new capital
CarLotz, a used car consignment concept that’s almost a year old, closed this week on a $1.5 million round of financing.
Bank of Virginia grabs another rung
One local bank continued to climb its way out of the doldrums, according to ratings released this month, while another fell further.
Trading Day: Inside local SEC filings for 3.29.12
Proxy season rolls on unveiling more executive pay. One local CEO made more than $13 million in 2011. Plus a local bank director is retiring from the board. And at readers’ request, we’re now including ticker symbols for companies listed.
Dunn gone
A local loan officer recently jumped ship for another bank and took his catchphrase with him.
The R&D Dept.: Local Patents for 3.28.12
Patents this week for MeadWestvaco, Philip Morris, La-Z-Boy and others. Plus a local man filed an initial patent for his own shoe design.
Bigger and buzzier
Two years to get the second location of his restaurant up and running was almost too much for Buz Grossberg or his business to handle.
Foreclosure, Take 2
Pieces of a fledgling New Kent County development that has been in and out of bankruptcy are once again on the verge of foreclosure.
Monday Q&A: How Sports Backers hit its stride
Jon Lugbill talks about this weekend’s Monument Avenue 10K, the nonprofit’s growth and why his organization might well be the Wawa of race organizers.
Equity firm wants tighter grip on Va. bank
CapGen Capital Group has asked regulators for permission to acquire a controlling interest of Hampton Roads Bankshares.