The developer and lenders of a bankrupt 1,300-acre Midlothian development are headed into mediation.
Banking
A $9.8 million ace in the hole
A Northern Virginia investor wants to buy a chunk of a local bank and give it a shot of fresh cash.
Central Virginia Bank gets a little luster back
The local bank managed to work its way a step up out of the cellar during the third quarter, according to ratings released last week.
Union First Market Bank to exit TARP
Richmond’s biggest bank is paying $35 million to exit the federal Troubled Asset Relief Program, a move it hopes will boost its stock.
A payment pickle
Uncle Sam might be getting even more involved at one local bank.
VCB tries to force Roseland’s hand
As a massive stalled real estate project in Midlothian tries to work its way out of bankruptcy, one of the development’s lenders is eager for some cash.
Christmas comes early for credit unions
Masked revolutionaries didn’t show up last weekend at local credit unions, but plenty of money-toting customers did.
Village Bank to enter regulatory agreement
Hampered by high levels of souring loans, the $600 million Midlothian-based bank said this week that it expects to enter into a consent order with the FDIC. And the bank is looking to sell its 80,000-square-foot headquarters building and close one of its branches in January.
Downtown gets a fox den
Middleburg Bank opened its first local branch last week.
Chesapeake rings its bell in Richmond
The former head of Bank of Virginia is back in the game — this time at a Kilmarnock bank that just set up shop in Richmond.
