A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.
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 the SEC filings for 7.22.10
A director at Carmax cashes in stock options for a profit of $140,000, and Media General and Altria report quarterly earnings.
A nice perk
Local firm gives employees cash and one-week sabbatical
For banks – size matters
A deal between a Hampton Roads bank and a struggling bank in North Carolina would shake up rankings of the state’s largest community banks.
BofVa shareholders to vote today on Cordia deal
The future direction of a local bank could be decided today at a Holiday Inn.
Lawyers jumped ship, but not for long
Three lawyers who packed up their belongings recently and left for a cross-town rival have changed their minds.
W&L gets more grant money for business reporting
The media business as a whole may be hurting, but at least one foundation thinks business journalism has a future.
Consider this a warning
In the midst of planning a stock offering to raise sorely needed capital, a local bank received notice from Nasdaq that the value of its shares has been too low for too long.
Trading Day: Inside the SEC filings of public companies for 7.15.10
Brink’s CEO gets 30,000 shares, a former CEO at the parent of Essex Bank sold almost 2,000 shares.
VCU gets $20M federal grant
VCU said today it received the largest federal award in its history.