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.
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 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.
The doctor will see you in 18 minutes
A digital counter shows how long you’ll wait if you have to go to the emergency room at Henrico Doctor’s Hospital, and all you have to do is drive by. And it’s the latest — and maybe most clever — move in an increasing battle of local hospitals for market share.
Wells Fargo closings include 3 local offices
Of the 638 Wells Fargo Financial stores that will be closed as part of a massive restructuring, 14 are in Virginia, including three in the Richmond area.
Monday Q&A: So you’re a bank turnaround specialist?
At 58, Herb Marth is facing one of his toughest challenges in a long banking career – trying to stabilize Powhatan-based Central Virginia Bank. This week he talks about troubled assets, the distraction of so much regulation and why fewer businesses are “credit worthy.”
Heart Institute isn’t pumping information
A local cardiac medical center might be closing.
Possible tenants look at Richbrau
There’s been plenty of interest in the vacant brewery in Shockoe Bottom.
7-Eleven picks up 14 stores
Richmond-based Matrix Capital Markets Group announced yesterday that it had brokered the sale of Quarles Petroleum’s 20 gas stations and convenience stores for an undisclosed amount.
Trading Day: Inside local publicly traded companies for 7.8.10
Lots of folks are the proud owners of new stocks.