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$5M settlement proposed in case against LandAmerica execs

$5M settlement proposed in case against LandAmerica execs

Michael Schwartz May 7, 2015 0

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.

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New CEO takes keys to biodiesel car startup

New CEO takes keys to biodiesel car startup

Michael Schwartz May 7, 2015 2

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

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Local real estate funds strike a deal at West Broad Village

Local real estate funds strike a deal at West Broad Village

Michael Schwartz May 5, 2015 0

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

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Union cutting seven branches

Union cutting seven branches

Michael Schwartz May 4, 2015 0

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.

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Northern Neck bank launches second local branch

Northern Neck bank launches second local branch

Michael Schwartz May 1, 2015 0

A new-to-town bank with a presence in the Libbie-Patterson stretch has opened its second area branch in Chesterfield County.

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Bank eyes spot in new downtown tower

Bank eyes spot in new downtown tower

Michael Schwartz April 28, 2015 0

Just a few months after making its move into Richmond, TowneBank has its sights set on a new branch among the city's biggest banks downtown.

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Years later, lawsuits and debt still haunt investment firm deal

Years later, lawsuits and debt still haunt investment firm deal

Michael Schwartz April 27, 2015 0

Massive debt and legal troubles are still hovering over the company that bought a longtime downtown financial firm Anderson & Strudwick in 2011. And as the issue plays out in bankruptcy court, the company

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Bank to finally free itself of TARP

Bank to finally free itself of TARP

Michael Schwartz April 23, 2015 0

After a $20 million bond offering, a local bank plans to finally rid itself of its TARP baggage with a 9,000-share buyback.

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Police, fire credit unions seal merger

Police, fire credit unions seal merger

Michael Schwartz April 21, 2015 0

Richmond police officers and firefighters have joined forces financially in a merger that combines the departments' credit unions

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