Three sizable creditors of collapsed local lender Live Well Financial are attempting to force the Chesterfield-based firm into bankruptcy liquidation as they seek to recoup more than $130 million. Flagstar Bank, Mirae Asset Securities, and Industrial and Commercial Bank of China Financial Services filed an involuntary bankruptcy petition against Live Well on Monday in Delaware… Read more »
A recently shuttered local lender claims it was within its rights when it abruptly sent its entire workforce packing with no advance notice.
A Southside insurance company is under new ownership for the first time since it was spun off from Markel in the mid-1990s.
A local executive is battling one of Richmond’s biggest privately held companies, claiming his efforts to thwart attempted price-fixing cost him his job and damaged his reputation.
In a deal that tested their theory that the Richmond multifamily market may be approaching its peak, a group of local developers has sold their newest development for $323,000 per unit.
A bank in Michigan is going after the head of a recently shuttered Chesterfield-based mortgage company, as it looks to recoup collateral on tens of millions of dollars’ worth of allegedly defaulted loans.
A partnership born out of the state attorney general’s office has led to a new downtown law firm.
Fallout from the pending $66 billion marriage of banking giants BB&T and SunTrust is beginning to emerge in Richmond, as one side prepares to relocate executives to a new shared mortgage headquarters in Greensboro.
“There are literally thousands of touch points,” a bank executive said of the nearly endless list of items that had to be changed out to make way for the new moniker. The changeover also includes a new name for the bank’s holding company and a new stock ticker symbol.
Armed with an experienced local deal broker and UVA grad, an investment banking firm from the Windy City is planting its flag in Richmond for the first time.
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