But the ambitious plan requires the bank to raise $20 million and the lifting of a regulatory agreement. The bank seeks to pick up retail customers on the Eastern Shore.
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 SEC filings for local companies for 9.9.10
Apple Reit is at it again, gobbling up more hotels. Plus a member of the board at a local bank calls it quits, and a Chesterfield maker of video games sells $2 million in bonds.
Financial firm chooses Richmond for its home base
Cortview Capital Securities opened for business in Richmond yesterday to compete in the local broker-dealer scene with the help of $125 million from a private equity fund.
Entrepreneur faces online ghosts of partnerships past
John Watkins doesn’t like what he sees when he Googles the name of his new business.
Bank’s heritage consolidated into the history books
A local bank brand known for its African American heritage is getting a name change. And it’s a clever move by the bank’s out-of-state owners to help clean up a regulatory impediment.
Trading Day: Inside the SEC filings of local public companies
A slimmer Trading Day this week, with moves at an up-start bank. Plus Dominion is selling bonds that pay only 2.25 percent.
Lights, camera, Richmond
A made for TV movie will be filmed in Richmond starting this month.
That’s worth a champagne toast
A local restaurant bought its independence yesterday and avoided becoming a victim of Justin French’s legal and financial problems. After shedding a few tears of joy, the owners poured champagne for themselves.
Investor finds coal in his stocking, not in his portfolio
It didn’t take a local ophthalmologist long to start second-guessing his $800,000 investment in a fledgling Appalachian coal mining operation. And now he has filed a lawsuit to try and recover his money.
New life at Richbrau – sort of
There isn’t a new tenant for the former Richbrau brewery/pub yet, but neighboring business has taken advantage of the prime Cary Street exposure.