The CEO of one of Richmond’s last independent brokerages has stepped down, but not before adding more than 10 offices and changing some of the personnel at the Richmond headquarters over the course of one year.
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.
The R&D Dept.: Local patents for 12.22.10
A local inventor has a new apparatus for an indoor fire place. Plus industrial patents from a handful of other companies.
Franklin Federal can almost taste it
With cash from a planned IPO, sleepy Franklin Federal Savings Bank might look for acquisitions in its bid to become more like a regular bank. And as part of the IPO process, the company revealed how much it paid its CEO.
‘It’s going to be a challenge’
Jack Zoeller spoke with BizSense during his first of couple days at his new job as CEO of Bank of Virginia.
3 strikes for local business
Three local companies declared bankruptcy this week, including the owner of a truck stop and motel near Kings Dominion and the owner of an 84-acre undeveloped tract of land, a trailer park and a Mexican restaurant.
Famous name is a step closer to becoming a footnote
The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Acquisition streak continues at Markel
A local retail research and data firm is the latest company to be snatched up by Markel’s investment arm.
Trading Day: Inside the SEC filings for 12.16.10
Brinks gets a line of credit from a Japanese bank. Plus a golden parachute for the departing chief business officer of Insmed. And big insider trades at Markel and MeadWestvaco.
Bank deal finally closes
Bank of Virginia finally gets the cash it has been waiting for, and with the funds come some leadership changes.
Short and sweet
Gary Rogliano let his company’s employees hold a contest to name their new deeply-funded coal mining operation, but they ended up close to where they started.