Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.
BizSense for years has been wondering when Zipcar would finally set up shop in Richmond.
A Richmond-based real estate fund has gone on a buying binge lately and wants to raise another $2 billion to keep gobbling up more property.
After missing the original deadline for filing its second quarter financial results, Village reported net income of $460,000 for the quarter, compared with a $1.7 million loss in the same period last year. Also, lots of insider buying and selling.
Justin French’s foreclosure drama leaves new restaurant in the lurch.
The closure of a bank in Martinsville, Va. late Friday afternoon brings the nationwide total to 118 bank failures thus far in 2010.
An insurance agent is in hot water with the State Corporation Commission
Union First Market Bank filed suit last week in Chesterfield County Circuit Court in an attempt to recoup $5.5 million from a Midlothian-based homebuilder.
John Nelson, Altria’s chief technology officer, exercises options to acquire more than $2.5 million in stock. Meanwhile, the parent of Village Bank says it is unable to file its financial report for the second quarter in time to meet the deadline set by the SEC.
The lawyer representing a local man named in Ponzi scheme lawsuits filed by federal authorities in Florida says there’s more to the story. Chris Bruno, an attorney in Northern Virginia who is defending Richmond businessman William Center, said Center has agreed to cooperate with authorities in recovering the money that was collected in the scheme…. Read more »