One of the biggest banks in the state has been quietly increasing its presence in Richmond and has plans for taking market share.
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.
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.
Sweepstakes cafe’s luck runs out
Lucky’s Sweepstakes appears to be closing after being locked out by its landlord.
Trading Day: Inside the SEC filings for 5.26.2011
A controversial local coal company is facing a class-action suit that aims to block it from being acquired by a competitor. Plus, a new top executive is hired by a local bank.
And the highest-paid profession in Richmond is …
It pays to cut people open for a living in Richmond. But washing hair – not so much.
The R&D Dept.: Patents for 5.25.11
The brains at Hamilton Beach in Glen Allen have been busy lately with several new patents this week. A Shockoe Slip-based drug device maker gets yet another patent. And Phillip Morris has now invented a dissolvable tobacco strip.