Two more Virginia banks are trying to recover millions squandered on incomplete historic renovations by Justin French. Only this time the banks didn’t lend directly to French.
Essex Bank
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.
Bank CEO steps down, cuts coming
A Glen Allen-based bank said late Thursday its CEO stepped down effective immediately and that it is cutting 10 percent of its workforce.
Trading Day: Inside the SEC filings of public companies for 7.15.10
Brink’s CEO gets 30,000 shares, a former CEO at the parent of Essex Bank sold almost 2,000 shares.
Making bank, plus a bonus
Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.