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.

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.

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.

Countdown is on for VBB

A struggling local bank has been given 90 days to raise capital or find an acquirer or merger partner.