According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management review and develop a strategic plan to improve the bank’s earnings and budget for 2010.
The Flying Squirrels, Richmond’s new AA baseball team, is spending more than it initially planned on to renovate the Diamond, but ticket and merchandise sales have beat expectations. And at a local real estate meeting, the team’s management reiterates that they want to play in a new stadium within five years.
A non-profit loan-facilitator is using stimulus money to provide loans for Richmond and Petersburg businesses.
Office Sense, our monthly video tour of some of the more impressive office space around town, is back for Season 2. This time we’re on the Southside in a renovated industrial building-turned-law firm.
A Henrico-based commercial real estate firm is shedding its national brand and starting from scratch.
A Virginia gas pump supplier is adding a Richmond office as part of an expansion plan after the company hired a Richmond investment bank to find investors.
When a business says it’s looking to the General Assembly for potential business, that usually means a piece of legislation that could give an industry a boost. But Slayton Dabney caters to the legislators themselves, finding them furnished digs in downtown Richmond while the General Assembly is in session.
The SBA loan – a key source of funding for new businesses – is regaining popularity. That’s a good sign for entrepreneurs.
A struggling upscale country club in Hanover County is open for public play, but the change in strategy might come too late to save the course.
SportsQuest, the 250-acre mega sports facility planned for Chesterfield, is on track to receive $15 million in financing thanks to the federal stimulus bill, pending state and federal approval.