The newest bank in Richmond is making a big entrance into the downtown market with a deal for 26,000 square feet and its logo atop the city’s upcoming 18-story office tower.
Michael Schwartz
Former bank CFO indicted for embezzlement
A former executive of a small local bank is facing prison time on charges that he skimmed money from bank credit cards over the course of several years as CFO.
Former Genworth CEO kicks off new Mechanicsville venture
The Fortune 500’s former top exec has launched his newest business, a massive athletic training facility in rural Mechanicsville.
Finance firm’s buying spree begins
With several Richmond firms on its radar, a Raleigh wealth management advisory has sealed its first local deal with the acquisition of a longtime Southside company.
Dominion to raze downtown building
The energy company plans to demolish one of its many downtown office properties before the end of the year as part of a larger plan to update its real estate holdings.
Bank boosts presence with new branch
After keeping a fairly low profile since its arrival in the Richmond market, a Tennessee bank is pushing for more prominence with the launch of its West Broad Street branch.
$5M settlement proposed in case against LandAmerica execs
A lengthy legal dispute between former employees and executives of the tanked Richmond financial giant LandAmerica could finally come to a close with a $5 million settlement on the table.
New CEO takes keys to biodiesel car startup
A new chief executive is taking the wheel of a for-hire car service that runs its vehicles on used restaurant grease. And the company’s new driver has plans to boost its fleet, services and capital.
Local real estate funds strike a deal at West Broad Village
When it came time to think about selling off a chunk of its holdings in West Broad Village, a local private equity firm didn’t look far to find a buyer. The two sides completed a $5 million sale of one of the development’s large retail blocks last week.
Union cutting seven branches
Continuing to trim down its branches post-merger, Richmond’s largest bank is cutting seven locations across the state, including two in the Richmond area.