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Recent Articles from Josh Janney
National Bankshares CEO to retire
Blacksburg-based National Bankshares announced that its chairman and CEO, F. Brad Denardo, will retire June 30 from his position as CEO of the community bank holding company and its banking subsidiary, The National Bank of Blacksburg, which does business as National Bank. Denardo will also retire from his position as chairman, president and CEO of […]
Guidehouse wins $250M hybrid Army contract
McLean-based consultancy Guidehouse has been awarded a $250 million hybrid contract from the U.S. Army for financial support services. The Department of Defense said bids for the hybrid firm-fixed-price and time-and-materials contract were solicited through the internet, and that two bids were received. Work locations and funding will be determined with each order, with an estimated […]
Genworth taps new CIO
Henrico County-based Fortune 500 insurance company Genworth Financial announced Monday that Morris Taylor is its new senior vice president and chief information officer. Taylor joins the company from Glen Allen-based Fortune 500 insurer Markel, where he had served as chief information officer since 2021. Before Markel, Taylor spent 25 years with McLean-based Capital One Financial, […]
CoStar shakes up board of directors
Arlington County-based real estate data and analytics company CoStar Group is making major changes to its board of directors and launching a committee to scrutinize its finances as part of an agreement it entered with New York hedge funds D. E. Shaw group and Third Point. As part of the terms of the agreement, which […]
Fitness center, library planned for former Military Circle Mall in Norfolk
Norfolk Mayor Kenny Alexander last week updated his city on plans to redevelop MacArthur Center mall and the former Military Circle Mall site. During his State of the City address on Friday, Alexander announced that Norfolk is planning a “state-of-the-art” fitness and wellness center and library for the east side of the city at the […]
Bechtel wins $242M contract modification for chemical weapons destruction
Reston-based Bechtel National has been awarded a $242.28 million contract modification from the U.S. Army to address past contract overruns associated with the Pueblo Chemical Agent-Destruction Pilot Plant in Colorado. The plant is a chemical weapons destruction facility that destroyed the chemical weapons stockpile previously stored at the U.S. Army Pueblo Chemical Depot in Pueblo, […]
Wawa plans massive expansion in western Virginia
Pennsylvania-based convenience store chain Wawa plans to massively expand in the western side of Virginia, potentially investing $450 million and opening 60 stores along Interstate 81 within the next decade. This week, Wawa held groundbreaking events to celebrate the official start of construction on a store in Lynchburg at 14039 Wards Road and a store […]
HII division awarded $133M Air National Guard contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division won a $133 million contract by the U.S. Air National Guard to support and provide training for flying units. HII, which made the announcement Wednesday, said this will be accomplished through live, virtual and constructive training in a 10-year task order. Mission Technologies will provide expertise and staffing [&hell[...]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion of TowneBank’s $120 […]
NFIB hires grassroots manager for five-state region
Small business advocacy organization the National Federation of Independent Business announced Tuesday that it hired Katie Whittington as its grassroots manager for Georgia, North Carolina, South Carolina Virginia and West Virginia. In the role, Whittington will be based in Richmond and work directly with NFIB members across the five-state region to advance small business agendas […]
