Some fascinating cases this week: a former employee allegedly opened bank accounts in the name of his former employer and then took out money, and now the company is suing the bank. Plus collections efforts from a handful of banks. Please also note, specific cases are available to BizSense Pro subscribers for an additional charge. BizSense will email the case to you.
Search Results for: gateway
Company invests $39 million at Hopewell plant
Ashland Inc., a Fortune 500 chemicals company with headquarters in Covington, Ky., will invest $39 million to upgrade its facility in Hopewell.
The Docket: Court Roundup for 12.21.10
Banks are all over the Docket this week trying to collect from developers and even each other. Plus some small business squabbles.
Heading in the right direction
A New York firm hired by the the City of Richmond will overhaul the mishmash of signage that direct tourists to attractions downtown and along the Boulevard.
Gas station fuels development quandary
A planning group is requesting city funds to help buy out a gas station owner who is in no hurry to sell.
NewsFeeds 11.17.10
U.S. Justice Department subpoenas Hampton Roads Bankshares (Inside Business) The U.S. Department of Justice has subpoenaed Hampton Roads Bankshares for information relating to its 2008 merger with Gateway Financial Holdings and loans that Gateway made before the merger. Roanoke officials sport mustaches to promote men’s health (Roanoke Times) mustaches for “Movember” — essentially a men’s… Read more »
A lack of forward progress
A $6 million investment that a Richmond private equity fund made in a Florida bank has gone up in smoke.
NewsFeeds 10.21.10
Rolls-Royce project progressing in Prince George (Times-Dispatch) The $170 million plant is the first phase of a manufacturing and research campus that Rolls-Royce is planning to build in the Crosspointe Centre Industrial Park. Ultimately, the company expects to hire as many as 500 people and invest $500 million to create its largest U.S. manufacturing center… Read more »
More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.
NewsFeeds 10.01.10
HR Bankshares closes deal, adds $235 million of capital (Virginian-Pilot) Hampton Roads Bankshares Inc. announced Thursday that it closed on $235 million of its planned $255 million private placement with institutional investors. The sale raises critical capital for the Norfolk-based parent of Bank of Hampton Roads and Shore Bank. Bank of Hampton Roads, which absorbed… Read more »