Banking

Hild wants bank lawsuit tossed

The CEO of defunct local mortgage company Live Well Financial is fighting back against a multimillion-dollar lawsuit, arguing he’s not personally on the hook for debt his firm owes to a Michigan-based bank.

Updated: Creditors look to force Live Well Financial into bankruptcy

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 »

Live Well Financial CEO sued for repayment of $80M in loans

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.

So long Union Bank & Trust, hello Atlantic Union Bank

“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.