After almost eight months of operating under a strict regulatory turnaround/survival plan and having moved on to its third president since the fall, a Richmond-based bank has rethought its plan and might reinvent itself if it can secure a fresh round of capital.
Altria has to fork over almost $1 billion to the tax man, while directors and officers at several big companies are exercising their stock options.
Report shows growth in small biz credit card use
Mike Scelzi hopes property owners are as obsessed with watching the meter as he is. His young company, Net Metering Inc., offers a system that allows commercial property owners to constantly monitor the electrical consumption of their buildings with the hopes of catching spikes in activity and ultimately saving money.
Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.
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.