There are two new CFOs in town, plus a struggling local video game maker delists itself from public markets and a local chemical company scores a huge legal settlement.
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.
Broken bonds
A rural county near Charlottesville is suing a Richmond financial firm it worked with for more than 15 years.
Hilb is at it again
A local insurance brokerage firm has had a busy week.
M&A process gets personal
Two local investment banking firms are the buyer and seller in their own deal.
Sweetening the offer
A California investment firm is again trying to buy shares of Apple REIT at a steep discount, but it raised its price a smidge.
8 figures burning a hole in their pocket
A local team of insurance industry veterans is going on a buying spree.
Fifth Third Bank now competing in Richmond
An Ohio banking giant just set up shop in Richmond.
Trading Day: Inside the SEC filings for 9.15.11
Talk about an incentive to relocate. A local executive received some sweet perks and reimbursements for relocating to Richmond from Florida. Plus, another local company is facing a $40 million fine related to its European operations.
Local banks under the microscope
Central Virginia Bank is once again one of the few banks in Virginia to receive a zero rating from a firm that rates all federally insured financial institutions each quarter.
The R&D Dept.: local patents for 9.14.11
A Richmond company called 5 Mississippi LLC has patented a new game. Plus, another patent for Shockoe Bottom based drugmaker Intelliject.