CarLotz has been on a media blitz lately.
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.
SBA loan volume snapshot
Small businesses around the state borrowed $149.78 million worth of SBA loans from Oct. 1 through May 31.
Prominent bankrupt family tied to deal
The local developer behind the renovation of the John Marshall Hotel is close to landing a deal for a vacant riverfront lot in Manchester.
All the cool banks want to be in Richmond
Another Northern Virginia bank has struck a deal to purchase its first local branch from a struggling a Norfolk-based bank.
Trading Day: Inside the SEC filings for 6.29.11
A director and former CEO of a local bank resigns from the bank’s board of directors. Plus, another big local company names a new member to its board, and an embattled local REIT company finally makes a statement about the class action lawsuits it has been hit with in recent weeks.
Developer files for Chapter 11
Under pressure from a lender, a big local developer filed for personal bankruptcy protection.
Another headache for Apple
For the second time in two weeks, a local REIT has been sued by investors in a class action lawsuit.
A $270M reason to close a deal
There is more than one reason for Capital One to make sure it closes its pending acquisition of ING Group’s online banking businesses. Try 270 million reasons. According to a recent report in the Washington Business Journal, the deal between Capital One and ING includes a $270 million termination fee. That means Capital One would be… Read more »
Chesapeake moves inland
For the third time in recent weeks, an out-of-town community bank has said it wants a piece of the action in Richmond.
More furloughs at Media General
Media General told its employees Thursday that they must take 15 unpaid days between now and the end of the year.