A two-year old Richmond bank is the first of its local peers to tap into a government small-business lending program.
Paragon Commercial Bank
With new branches, Union closes in on 100
Richmond’s biggest bank officially opened seven new branches in the western part of Virginia Monday – all inside Martin’s grocery stores.
More branches falling
For the second time this month, an out-of-town bank is looking to unload one of its local branches.
Music venue hits a sour note
Paragon Commercial Bank is suing the owners of The National Theater for defaulting on the loan they used to renovate the historic theater. The National said that it is talking to other banks about refinancing the loan.
Paragon Commercial Bank wades further into French’s wake
One of Justin French’s former banks is pressing hard to make sure they are first in line for repayment, this time asking the bankruptcy court to appoint a trustee — and fast.
Banks try to force French into Chapter 7
Paragon Commercial Bank, Franklin Federal Savings Bank and Citizens Bank & Trust have petitioned the U.S. Bankruptcy Court in Richmond to place the formerly high-flying developer into bankruptcy.
More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.
More trouble for Tomac
More of a Midlothian home builder’s lots go into foreclosure.
Loan troubles swamp veteran developer
Hank Wilton, a long-time Richmond developer with a family history in the business, has declared personal bankruptcy. Plus, BizSense has the filing for readers who need to know who is owed money.
Business bank’s parent raises capital
The parent company of a Raleigh, N.C.-based bank that does business locally raised $5 million in a recent offering.