Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is in better financial shape, the company said in an SEC filing.
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Foreclosures 6.22.10
Another huge list of properties this week. Most have assessed values of less than $250,000, but a handful in Chesterfield, Hanover and Henrico are much more expensive.
The Docket: Circuit Court Roundup for 6.21.10
A local hotel wants church Group that rented a big block of rooms to pay for damage when a sprinkler malfunctioned because a customer allegedly put a t-shirt over it, while two companies battle over a non-compete clause.
When a loan goes bad, on purpose.
Sometimes a property owner defaults on purpose. Such is the case with Shamin Hotels.
Trading Day 6.17.10
Altria Group The company said it is registering 50 million shares of its common stock for its 2010 Performance Incentive Plan for certain employees. The company also said it is registering an additional 750,000 shares for its stock compensation plan for non-employee directors. Brink’s Co. Matthew Schumacher, the company’s controller, exercised options to acquire 3,674… Read more »
Local credit union may need a life line
Richmond is home to two of the lowest rated financial institutions in the state, according to bank and credit union ratings released last week. But of the 18 community banks headquartered in the Richmond area, four had 5-star superior ratings.
Distressed hotel changes brands
A new flag will rise above the Sheraton Richmond West later this month.
Foreclosures 6.15.10
Loads of foreclosures this week, including an usually high number from Henrico and Chesterfield plus several homes in the higher price brackets.
First Capital Bank, what’s up your sleeve?
A local bank that tried last year to orchestrate a sizeable merger appears once again to be positioning itself for a transaction.
The Docket: Circuit Court Roundup for 6.14.10
A building owner wants money back from a renovation job it says was poorly done, and a local community bank wants $30,000 from a loan it made lent to a small business. Plus, an engineering firm wants $40,000 for work it says it performed and wasn’t paid for from a big developer.