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Body blow for PE fund

A Richmond-based private equity fund lost more than half its value when a Florida bank hit the skids. But the fund’s managers and at least one investor remain hopeful that other investments will more than recoup those losses.

Local credit union reaches $2 billion in assets

An 82-year-old credit union reached and surpassed the $2 billion asset threshold during the second quarter and in the process became the third largest credit union in the state.

Bank deal now in hands of regulators

Bank of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.

The Docket: Circuit Court Roundup for 7.26.10

A Flying Squirrels fan claims he slipped at a game and is suing the Diamond’s municipal owners for what he says are shoddy and narrow steps. Plus a landlord alleges a restaurant is behind on its rent in Chesterfield and an out-of-state architect claims it hasn’t been paid by a big local developer working in another state. And lots of other legal proceedings.