Essex Bank says that it will not pay the U.S. Treasury its dividend for TARP funds this quarter and that it might close branches.
A Richmond man allegedly helped run a $28 million Ponzi scheme that was uncovered in June, according to two regulatory agencies and civil suits filed in Florida.
A local startup wants to rescue consumers from the pain of hearing the dreaded words “a representative will assist you shortly.” And the two brothers behind it are trying to raise $1 million in VC.
Markel reports a loss, citing an earthquake in Chile and the BP oil spill. Plus insider trades at local banks and other firms.
Two local banks are getting more pro-active to unload the property they have taken in foreclosure – property they don’t really want to own. And they’re willing to offer favorable financing to buyers.
A Richmond-based private equity fund lost more than half its value when a Florida bank hit the skids. But the fund’s managers and at least one investor remain hopeful that other investments will more than recoup those losses.
Scott Harvard, a Richmond native and veteran of the Virginia banking industry, has returned to his hometown to help a bank that is trying to reinvent itself.
A local credit union can now more easily expand its customer base.
Commonwealth Biotechnology has a new CEO, while the controller and principal accounting officer at Xenith Bank is retiring. Plus quarterly earnings from Genworth, Brink’s, Insmed, New Market and Tredegar.
Do you know where your Escalade is?