Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.
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.
Finally, Zipcar is in Richmond
BizSense for years has been wondering when Zipcar would finally set up shop in Richmond.
REIT hungry for more deals
A Richmond-based real estate fund has gone on a buying binge lately and wants to raise another $2 billion to keep gobbling up more property.
Trading Day: Inside the SEC filings for local companies
After missing the original deadline for filing its second quarter financial results, Village reported net income of $460,000 for the quarter, compared with a $1.7 million loss in the same period last year. Also, lots of insider buying and selling.
‘We have everything to lose’
Justin French’s foreclosure drama leaves new restaurant in the lurch.
Bank failure is Virginia’s second since recession began
The closure of a bank in Martinsville, Va. late Friday afternoon brings the nationwide total to 118 bank failures thus far in 2010.
Legitimacy of bond deals questioned
An insurance agent is in hot water with the State Corporation Commission
Union wants homebuilder to pay up
Union First Market Bank filed suit last week in Chesterfield County Circuit Court in an attempt to recoup $5.5 million from a Midlothian-based homebuilder.
Trading Day: Inside the SEC filings of local public companies for 8.19.10
John Nelson, Altria’s chief technology officer, exercises options to acquire more than $2.5 million in stock. Meanwhile, the parent of Village Bank says it is unable to file its financial report for the second quarter in time to meet the deadline set by the SEC.
More culprits yet to surface in Ponzi scheme?
The lawyer representing a local man named in Ponzi scheme lawsuits filed by federal authorities in Florida says there’s more to the story. Chris Bruno, an attorney in Northern Virginia who is defending Richmond businessman William Center, said Center has agreed to cooperate with authorities in recovering the money that was collected in the scheme…. Read more »