A Richmond bank with roots going back to 1903 has been tapped by regulators to deal with its worsening loan portfolio.
Lots of businesses trying to collect late bills, plus two slip-and-fall suits and a racial discrimination case.
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 of Virginia shareholders last week voted in favor of a deal that could bring the struggling bank fresh capital and some new leadership.
One home in the Fan, one in Church Hill, and the rest are mostly homes with principal loans around $200,000 this week.
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.
A struggling Florida bank run by two Richmond entities is being sued by a local investor for alleged fraud. The suit provides a glimpse into the overall health of a local private equity fund that invests in community banks.
The future direction of a local bank could be decided today at a Holiday Inn.
For the second week in a row, a development is in foreclosure, this time in Chesterfield.
The RRHA wants to condemn land on East 18th Street, while Dominion has a disagreement with a coal provider and a developer said it didn’t get the final drawings permit drawings from a vendor. Plus, an old-age home wants more than $100,000 back from an IT company it said never installed the equipment it said it did.