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.
A new flag will rise above the Sheraton Richmond West later this month.
Loads of foreclosures this week, including an usually high number from Henrico and Chesterfield plus several homes in the higher price brackets.
A local bank that tried last year to orchestrate a sizeable merger appears once again to be positioning itself for a transaction.
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.
First Capital Bancorp changes its articles to possibly sell more stock, while a Markel chairman buys more stock for a family trust. Plus bond news at Altria and Media General and stock awards at a handful of local companies.
A year after one of Richmond’s biggest homebuilders filed for Chapter 11 Bankruptcy protection, most of its property has returned to the lenders, and the company has a final plan to finish liquidating. And now unsecured creditors know what they will be getting.
A Church hill home near Chimborazo plus a Chesterfield house assessed at more than $500,000 make the list this week.
The hotly debated healthcare reform bill signed into law in March has killed a local insurance company, and one that had raised more than $10 million from mostly local investors.
Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.