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.
BizSense Pro
Foreclosures 8.10.10
Some pricey homes this week in Hanover, Chesterfield and Henrico.
Two vacant Innsbrook buildings get new life
One of the area’s biggest private employers is gobbling up two more buildings and expanding its presence here.
Foreclosures 8.3.10
More properties in Hanover this week, including a retail building in Ashland.
Consolidated Bank joins not-so-elite club
A Richmond bank with roots going back to 1903 has been tapped by regulators to deal with its worsening loan portfolio.
The Docket: Circuit Court Roundup for 8.2.10
Lots of businesses trying to collect late bills, plus two slip-and-fall suits and a racial discrimination case.
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.
Foreclosures for 7.27.10
One home in the Fan, one in Church Hill, and the rest are mostly homes with principal loans around $200,000 this week.
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.