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Local bank to be acquired in $275M deal

Local bank to be acquired in $275M deal

Michael Schwartz July 15, 2014 0

Hampton Roads’ largest bank is entering the Richmond market in a big way, announcing this morning a deal to acquire a longtime local institution, its eight branches and its $1 billion in assets.

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Local bank trade group crafts merger in W.Va.

Local bank trade group crafts merger in W.Va.

Michael Schwartz July 15, 2014 0

The Virginia and West Virginia bankers associations are working on a merger agreement that would bring the two lobbying and industry groups under one umbrella nonprofit

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Local restaurant files Chapter 7

Local restaurant files Chapter 7

Michael Schwartz July 14, 2014 4

Arcadia Restaurant at 1700 E. Main St. filed bankruptcy on July 11, about two weeks after its closed on June 22.

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Settlement talks continue in LandAmerica pension dispute

Settlement talks continue in LandAmerica pension dispute

Michael Schwartz July 8, 2014 0

Two disgruntled employees of the fallen Richmond financial firm want another round in mediation with their former bosses

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Resort firm freed from Chapter 11

Resort firm freed from Chapter 11

Michael Schwartz July 8, 2014 0

A Richmond timeshare company with a vacation property in the Bahamas, was released from bankruptcy last week after a dispute with the estate of a Richmond attorney and two local churches.

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TowneBank begins its move into Richmond

TowneBank begins its move into Richmond

Michael Schwartz July 6, 2014 0

One of the dominant banks in Hampton Roads has a plan in the works to build its first branch in Richmond and has already hired a veteran local banker to lead the charge

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Latest Richmond bank deal is sealed

Latest Richmond bank deal is sealed

Michael Schwartz July 2, 2014 0

A Richmond-based bank is continuing to grow, finalizing a deal to acquire a smaller bank from Gloucester

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Trading Day: Local SEC filings for 6.26.14

Trading Day: Local SEC filings for 6.26.14

Michael Schwartz June 26, 2014 0

Two local companies have nearly $300 million in acquisitions in the works. Plus a local Fortune 500 is in expansion mode. And a local bank gets some recognition on the stock market.

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Rick Sharp, former Circuit City CEO and CarMax founder, dead at 67

Rick Sharp, former Circuit City CEO and CarMax founder, dead at 67

Michael Schwartz June 26, 2014 0

“He didn’t know a Sony from an RCA, but I thought he was smart as hell,” said Alan Wurtzel, Sharp's predecessor as Circuit City CEO. “I was right, he’s brilliant.”

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