A handful of employees, including real estate attorneys and marketing personnel, are being let go from a local firm.
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.
Trading Day: Inside local companies’ SEC filings for 10.14.10
An institutional investor is increasing its stake in CarMax. Plus the former CEO of Bank of Essex’s parent holding company has resigned from the board.
R&D Dept.: Patents for 10.13.10
Only two patents this week, both complicated. One seems to be related to Philip Morris’ electric cigarette.
Rural banks now part of Union
Union First Market Bankshares is officially a one-bank holding company.
More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.
The death of the white pages?
The Internet may have killed the white pages.
More trouble for Tomac
More of a Midlothian home builder’s lots go into foreclosure.
Bank tries to clean up French’s mess
The lender on two real estate projects left unfinished by developer Justin French might take matters into its own hands. But a current FBI investigation is making it hard for the bank to find out what exactly happened.
Va. Business Bank starts on Plan C
After announcing its intentions last month to raise $20 million in capital and undergo a fundamental shift in strategy, a troubled bank says it is now considering other options. And the future of its head is in question.
Trading Day: Inside local SEC filings for 10.6.10
Tons of executives get stock grants, including a CarMax vice president who sold options for a $1.3 million profit.