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.

Local credit union reaches $2 billion in assets

An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.

Bank deal now in hands of regulators

Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.

Richmond bank hit by counterfeiters

Check counterfeiters have gone after Franklin Federal Savings Bank in Glen Allen, according to an alert sent out today by the FDIC. The $995 million bank contacted the FDIC to report counterfeit cashier’s checks bearing its name are circulating, when in fact Franklin Federal does not actually issue cashier’s checks. Franklin Federal has eight branches… Read more »

Martin Agency asks the obvious question

Geico ads are funny again. Ad directors at the Martin Agency have found a new way to make audiences laugh, all in the hopes of driving business to a car insurance company.

Taking the temperature of a local equity firm

A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.

A nice perk

Local firm gives employees cash and one-week sabbatical

For banks – size matters

A deal between a Hampton Roads bank and a struggling bank in North Carolina would shake up rankings of the state’s largest community banks.