An institutional investor is increasing its stake in CarMax. Plus the former CEO of Bank of Essex’s parent holding company has resigned from the board.
George Longest
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.
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.