A longtime director of a local bank is leaving his post. Plus another local bank reveals the pay packages given to its top executives.
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.
Comrades in farms
Caroline County wants everyone to know where it stands on the threat of foreclosure to a historic horse farm-turned-state fairground.
The R&D Dept.: Local Patents for 1.18.12
Loads of patents this week including inventions from MeadWestvaco, Afton Chemical and a high-tech defense contractor in Ashland.
Colo. firm buys Fahrenheit Technology
After 12 years in business, a Glen Allen IT staffing company was recently sold to a larger national firm.
Bizport sale not business as usual
Local document services and logistics firm Bizport usually does the acquiring – but this time it sold off about 25 percent of its business to a Texas company.
SBA borrowing down in Va.
Lending to small businesses in the state showed a 36 percent decline in the fourth quarter of 2011 compared to the same three months of 2010.
Richmond firm’s lobbying arm expands to the Lone Star State
McGuireWoods Consulting, the locally-based lobbying arm of legal giant McGuireWoods, has opened a new office in Austin, its first in Texas.
Commercial delinquencies on the rise
The value of troubled commercial mortgage-backed securities rose about 26 percent in 2011 for the Richmond area, as landlords with more vacancy and lower rents had trouble refinancing loans that came due.
Trading Day: Inside the SEC filings for 1.12.12
Some big stock acquisitions for local insiders. Plus a local REIT has hired a slew of investment banking firms to help combine four of its funds. And Brink’s bought a French logistics software company.
Newspapers advertise for advertising in newspapers
The Virginia Press Association is braced for its annual fight with Del. Steve Landes over a bill to free up localities from having to advertise public notices in newspapers.