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.

Members make a play to buy Dominion Club

Dominion club 620

A group of members at the Glen Allen country club are vying for ownership of the expansive property about two years after it exited Chapter 11 bankruptcy.

Trading Day: Local SEC filings for 8.14.14

tradingday211

The COO of a local company resigns. A downtown Fortune 500 loses a director. And a local bank director gives a gift of shares to a Virginia university.

Another out-of-town bank is hot for Richmond

Innsbrook Monarch Bank e1410218081906

Chesapeake-based Monarch Bank is expanding in Richmond with the addition of a commercial lending veteran, demonstrating banks’ continued hunger for Richmond revenue.

Law firms swarm big Richmond mergers

Owens and Minor 620

Acquisitions in the works by a local bank and Fortune 500 company are being targeted by class action law firms from around the country, seeking to block the deals or force settlements.

Local firm buys The (other) Martin Agency

Hilb Group logo

Keeping up its fast-paced buying schedule, the Hilb Group has closed a deal to buy The Martin Agency, an insurance agency that operates in Kentucky and Florida.

Trading Day: SEC filings for 8.7.14

tradingday211

A Midlothian bank decides on a reverse stock split. And a local CFO exercises some stock options in an otherwise quiet summer week for filings.

Credit union reaches for more members, new offices

Call FCU 620

Call Federal Credit Union has been approved for an expanded community charter that it plans to use to reach more potential members around the region and open five new offices.

Richmond CEO, two firms ordered to pay $70M for fraud

Knoxville federal courthouse

More than three years after being accused by the SEC of running a multi-state Ponzi scheme, a Richmond businessman and two of his financial firms were ordered on Friday to pay a massive fine.

Trading Day: Local SEC filings for 7.31.14

tradingday211

A new chief executive for a local Fortune 500. Another local CEO adds the title of chairman to his resume. And a Richmond firm breaks ground on a new facility in Singapore.