Paragon Bank

Xenith Bank’s growth spurt

The Richmond-based bank began last week with about $288 million in assets. Then it went on a buying binge, closing two acquisitions Friday.

‘Strategic’ default?

One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.