There is one very important figure that jumps off the pages of New Horizon Bank’s second quarter financial reports.
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 doctor will see you…eventually
The average wait time at Virginia emergency rooms was more than 4 hours, according to a recent study. Virginia had the 13th highest average ER wait time in the nation in 2009, according to the Emergency Department Pulse Report: Patients Perspectives on American Health Care released late last month by Press Ganey Associates, a health… Read more »
Consolidated Bank joins not-so-elite club
A Richmond bank with roots going back to 1903 has been tapped by regulators to deal with its worsening loan portfolio.
Whoa Nelly
Markel subsidiary to buy French horse insurer.
ColonialWebb sold to Texas company
A Richmond-based mechanical and electrical contractor has sold to a publicly-traded giant, and a local M&A shop helped assemble the deal.
Trading Day: Inside the SEC filings of publicly traded companies
A meaty Trading Day this week. Find out why profits are down at a local pump and valve manufacturer but up huge at power company Dominion. And a local bank cut its dividend.
Local credit union reaches $2 billion in assets
An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.
Bank deal now in hands of regulators
Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.
Richmond bank hit by counterfeiters
Check counterfeiters have gone after Franklin Federal Savings Bank in Glen Allen, according to an alert sent out today by the FDIC. The $995 million bank contacted the FDIC to report counterfeit cashier’s checks bearing its name are circulating, when in fact Franklin Federal does not actually issue cashier’s checks. Franklin Federal has eight branches… Read more »
Martin Agency asks the obvious question
Geico ads are funny again. Ad directors at the Martin Agency have found a new way to make audiences laugh, all in the hopes of driving business to a car insurance company.