A local bank director leaves his post. A struggling local firm’s dwindling stock price is causing it some problems. And an executive picks up a big chunk of stock.
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected].
A busy month of big deals for local investment banking firms. Plus local deals in tech, banking, healthcare and more.
While searching for a way to step back from the day-to-day, the owner of a local biotech firm found his answer on the Southside.
The downtown-based TV-station operator on Friday announced it will pay $1.6 billion to acquire LIN Media in a massive deal that will create a colossal firm owning 74 TV stations in 46 markets.
A Richmond-based business bank announced a deal last week to buy a Gloucester-based bank with aspirations to expand deeper into Hampton Roads.
A Midlothian bank claims a bankrupt local businessman lied about his assets and wants a court’s help to get back at least some of what it loaned.
Twelve of the 14 local banks saw their nonperforming asset levels drop in 2013 compared to the previous year. And bankers say loan demand is creeping back.
A Midlothian-based bank hit a milestone of profitability last year.
A defunct financial giant’s retirement account dispute is moving from the courtroom to the negotiation table.
A local portable self-storage company has found a suitor.