A Richmond golf club does not have enough money to refund deposits that members paid when they joined.
Search Results for: "Federal Club"
NewsFeeds 12.28.10
Improvements made at The Federal Club at Mountain Run (Times-Dispatch) A neat update on a story RBS has covered over the last year. Budget crunch leaves state police looking blue (Roanoke Times) State troopers are looking at lean times that are about to become leaner as personnel retire. The agency is allowed to fill its… Read more »
Essex Bank to enter regulatory agreement next year
A local bank said last week that it expects to enter a written agreement and turnaround plan with state and federal regulators.
Golf course owners chip away at goal
The Federal Club’s new owners throw open the doors to Richmonders as they try to reach their target membership.
What happened to severance pay?
After paying bonuses to management even as the bank hemorrhaged millions in 2009, a Glenn-Allen based bank is now cutting two managers and paying them no severance package.
It’s a done deal
Nine months after it filed for bankruptcy, the Federal Club in Hanover County has been officially sold to a local developer for about 25 percent of the cost to build it.
NewsFeeds 6.16.10
Landowner places winning bid for bankrupt Hanover golf community J3G Partners LLC of Ashland made its bid for the Federal Club at a closed auction yesterday at the LeClairRyan law firm in Richmond for $1.35 million less than the minimum set by the largest creditor. Norfolk produce wholesaler shuts down (Virginian-Pilot) A company that supplied… Read more »
Bankruptcy court approves bidding procedures
The sale of the Federal Club, a distressed country club and several dozen home lots in Hanover Country, will proceed with the biggest debtor as the stalking horse bid.
Bank will become stalking horse bidder
There’s been a lot of negotiations and a lot of paperwork, but signed deal to start the bidding process for the Federal Club has proven as elusive as a hole-in-one.
Atack’s last-minute offer likely to become stalking horse bid
The action hasn’t officially started, but a real estate developer has outbid a group of members for the Federal Club, an upscale golf club in Hanover County.