Credit unions want in on small-business lending, where local and regional banks typically make a big chunk of their profits.
MeadWestvaco calendar suit settled in federal court
The driving force behind some of the most popular running races in Richmond is adding a new event for the corporate types.
BizSense’s new weekly data section “Trading Day” is a rundown of what local publicly traded companies have filed with the Securities and Exchange Commission. This week, it includes the reelection of board members at Altria, stock awards at C&F Bank and the announcement that a vice president at Genworth plans to retire. Publicly traded companies must file certain information with the SEC, including when “insiders” buy or sell stock.
Small and medium-size banks continued to bear the brunt of the sluggish economy in the first quarter of 2010 compared with large banks.
With its capital base still eroding from massive levels of loan losses, the Norfolk-based parent company of Gateway Bank said today it has entered into agreements with institutional investors who will infuse it with sorely needed capital.
Despite some advantages, Richmond-based Xenith Bank isn’t tying itself to any outdated promises of profitability.
Community Bank Investors of America, better known as CBIA, is a private equity fund founded in 2007 by two locals to identify struggling, undervalued community banks, take an equity position in them and, in some cases, take over leadership of the bank. This week RBS chats with one of the founders about the challenges of that sort of work these days.
A troubled investment firm shuttered it’s office in the Bank of America building last week. The firm’s leader has come under investigation for fraud. Now there’s a strange prop visible in the office.
The CFO of the battered holding company of Gateway Bank has announced his resignation, the company said in a regulatory filing yesterday.