A local REIT is looking to buy almost $100 million worth of hotels; struggling bank-holding companies showed at least some signs of a turnaround; and dividends are being paid by several local public companies.
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.
‘There are massive pools of capital out there’
One of the co-founders of the M&A firm Harris Williams told a business school gathering that he’s optimistic about post-recession deal flow but that there are some warning signs far off in the distance.
Union expands west with more Martin’s branches
Richmond’s biggest bank today announced further expansion into the western part of Virginia.
Dominion Club plan ‘moving in the right direction’
A Henrico country club is slowly trying to tee itself up to be acquired by its members.
Eastern Virginia Bankshares to enter agreement
Eastern Virginia Bankshares, a holding company for EVB, said Friday that it expects to enter into a written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.
One thing isn’t taking off at RIC: Prices
Richmond ranked 47 out of the top 100 airports in the U.S. for the average domestic fare in the third quarter 2010.
Surname synergy
Six last names are whittled down to two as a pair of local law firms join forces to compete with Richmond’s bigger firms.
It’s not your average bank
Community Capital Bank of Virginia follows a model that’s rare in the U.S. banking system, and it’s adding a branch in Richmond.
Trading Day: Inside the SEC filings for 2.3.11
Big paydays at Altria and Insmed; CarMax and Apple REIT Ten elect new directors to their boards; Massey Energy discloses internal letters related it being acquired.
The R&D Dept.: Local Patents for 2.2.11
Philip Morris may be selling fewer cigarettes these days, but that’s not stopping it from patenting all kinds of smoking related inventions.