The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
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.
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.
Latest chapter in development story is Chapter 11
An entity tied to residential real estate developments built by Tomac Homes declares bankruptcy.
Room to improve
Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.
The blame game
A local financial firm being investigated by the Securities and Exchange Commission is going after its former lawyer and his law firm in a $45 million legal malpractice suit.
Wachovia to add more than 200 local jobs
Its the second big local hiring push by a financial firm since October.
Trading Day: Inside the SEC filings for 12.9.10
Apple REITs raised more money and bought more hotels. Plus a director at Markel sold another $2.5 million in stock.