Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

Bank grabs HQ space in new tower

Gateway Plaza TowneBank ftd

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.

Former bank CFO indicted for embezzlement

mckenney branch

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.

Finance firm’s buying spree begins

decker ftd

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

Dominion ftd

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

First Tennessee Bank Reynolds Crossing ftd e1494275952118

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.

New CEO takes keys to biodiesel car startup

BioRide Jessee Mobley ftd

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

GolfsmithOpen

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

union martins

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.