A local bank executive gets a new pay package, and two local REITs try to fend off a hostile bid made by a California investment fund.
Central Virginia Bankshares
Consider this a warning
In the midst of planning a stock offering to raise sorely needed capital, a local bank received notice from Nasdaq that the value of its shares has been too low for too long.
Third local bank signs agreement with regulators
The recession forces another bank into a turnaround agreement.
Local bank looks to raise $15M
Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is in better financial shape, the company said in an SEC filing.