Despite the troublesome press one of its sister funds has received lately, Apple REIT Ten is still gobbling up hotels.
Michael Schwartz
Trading Day: Inside the SEC filings for 6.9.11
Several insiders at a local bank went on a buying spree this week. And the top executives of a Glen Allen bank that recently went public signed new employment contracts, each for a six-figure salary.
Local bank’s parent can resume its TARP payments
A West Virginia company’s plan to rebrand a Richmond bank is paying dividends for the federal government.
The R&D Dept.: Local patents for 6.8.11
Some promising patents this week including an invention for restraining someone, a painter-friendly ladder and a flame resistant garment. Plus, another patent for Capital One and a few for Phillip Morris.
On to Richmond
One of the biggest banks in the state has been quietly increasing its presence in Richmond and has plans for taking market share.
Xenith Bank to buy Paragon branch
Xenith will close Paragon’s Henrico office and is still working out which staff will come onboard.
Trading Day: Inside the SEC filings for 6.2.2011
There’s plenty of shuffling this week in the executive ranks of local public companies, including CarMax, Media General and local banks. Markel discloses that it has some acquisitions in the works. And a Midlothian videogame maker gets a reprieve on some of its defaulted debt, using one of its games as collateral.
Investment firm to pay fines in SEC settlement
Wunderlich Securities, a Tennessee-based investment firm that entered the Richmond market in November, has reached a settlement with the SEC related to allegations of overcharging its clients.
Financial advisor says Wells Fargo defamed him
Matthew Whitaker doesn’t dispute the terms of his firing, but he has an issue with what happened later.
Richmond’s Wall Street?
Canal Capital Management, launched by a partner who broke off about a month ago from another downtown company, is the latest in a slew of financial firms to set up shop in Shockoe Slip.