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.

Bank’s troubles haunt new owner

Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.

Finally, Zipcar is in Richmond

BizSense for years has been wondering when Zipcar would finally set up shop in Richmond.

REIT hungry for more deals

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.

Trading Day: Inside the SEC filings for local companies

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.

Union wants homebuilder to pay up

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.

Trading Day: Inside the SEC filings of local public companies for 8.19.10

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.

More culprits yet to surface in Ponzi scheme?

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 »