Another Northern Virginia bank has struck a deal to purchase its first local branch from a struggling a Norfolk-based bank.
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Breaking Ground: Chesterfield Building Permits for 6.15.11
Dick’s Sporting Goods is spending $2.3 million to build a new store at Hancock Village.
More branches falling
For the second time this month, an out-of-town bank is looking to unload one of its local branches.
NewsFeeds 6.3.11
Beverley W. “Booty” Armstrong dies (Times-Dispatch) Beverley Wilkes “Booty” Armstrong, vice chairman of CCA Industries and a Richmond business and civic leader, died Wednesday at his Henrico County residence after a lengthy battle with cancer. He was 68. HR Bankshares to shut 9 branches by late September (Virginian-Pilot) The consolidation will reduce the number of… Read more »
Pipeline: Commercial Real Estate Round Up 5.20.11
The Virginia Dental Association paid $1.2 million for an office building in Henrico. Plus a New Puritan Cleaners location and a Jimmy John’s Subs is coming to VCU.
NewsFeeds 4.5.11
Smart staying at VCU; agrees to new contract (Times-Dispatch) N.C. State was in the hunt, but Shaka Smart is staying at VCU. Terms weren’t released because the contract hasn’t been finalized, but a source said his base pay will be $1.2 million annually. N.C. State was offering $2 million. Maryland-based bank will open King George… Read more »
Deal Flow: Investment banking roundup for 3.11.11
Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition.
Convicted schemer’s house goes on the block
While convicted local Ponzi schemer Donald Lacey does his time in the big house, his $1 million big house in Mechanicsville is up for auction later this week.
Local bank names new CEO
The former CEO of the now non-existent Bank of Richmond is back at the helm of a local community bank.
Business Licenses for 2.17.11
A semipro football team looks like it’s trying to form. Plus a few restaurateurs.