Private golf clubs across Richmond are rolling out the red carpet for new members, lowering or eliminating initiation fees and discounting food at the clubhouse. Plus, one of the only courses with caddies pays down its debt.
First Capital Bank
Bankers make more bucks
Pay for local bank executives rose in 2009 but was still below 2007 levels, according to SEC filings.
Discount mortgages encouraging buyers
Just when it seemed mortgage rates couldn’t get any lower, First Market Bank dipped below 4 percent on mortgages for homes sold by homebuilders they lent to. Other banks followed suit, and the program is helping sell houses.
Monday Q&A: Why are local banks merging like crazy?
Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may mean for local business, and whether local banks have buyer’s remorse about taking TARP money.
Three years for bank to become profitable
Pour a round of the good stuff. After three years in operation, Virginia Business Bank recorded its first quarterly profit in this year’s first quarter.