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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: RYAN, TOM

When Ryan arrived at Langley Federal in 2012, the credit union had about $1.7 billion in assets and 165,500 members. It now boasts $5.5 billion in assets and 395,000 members. Earlier this year, Ryan announced his plans to retire at the end of 2025. (A successor had not been named as of press time for this […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: STACK, JEAN

Before joining Baird, Stack worked for more than two decades in the government services, aerospace and defense sector at California-based investment bank Houlihan Lokey. At Baird, Stack advises executives on mergers and acquisitions, raising capital and other corporate strategies. Earlier this year, Baird served as the exclusive financial adviser for Kudu Dynamics, a Chantilly tech […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: GRDEN, NANCY

A longtime regional economic development and maritime leader, Grden was key in the 2023 merger of Reinvent Hampton Roads and the Hampton Roads Business Roundtable. That resulted in the creation of the Hampton Roads Executive Roundtable, a support organization for GO Virginia Region 5, the regional arm of the statewide economic development initiative. Before leading […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: SCHENCK, JAMES

Over the course of his military career, Schenck flew Black Hawk helicopters in Korea and trained others as a night vision goggle instructor pilot. He also worked on the Army staff in the Office of the Deputy Chief of Staff for Operations and Plans, a post with responsibilities for overseeing the flying hour program, which […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: SJOLUND, MARTIN

In June, Sjolund began his tenure leading PRA Group, a global business that acquires and collects on nonperforming loans. Earlier this year, a PRA spokesperson noted that Sjolund planned to split his time between London and PRA’s Norfolk headquarters. He succeeds Vikram Atal, who retired after serving as PRA’s president and CEO since 2023. Sjolund […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: COONS, JULIE

Coons has led the Northern Virginia Chamber of Commerce since 2018, prioritizing efforts to support the region’s economic health and growth. Celebrating its 100th anniversary this year, the chamber originated in 1925 as a Fairfax County- focused business advocacy organization. Today, it represents about 400 member businesses across a region that represents nearly 42% of […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: MONTGOMERY, JOSEPH W. ‘JOE’

Montgomery went to work at an investment firm in December 1975 — meaning he’s enjoying his 50th year in an industry for which he is ranked as Virginia’s top wealth management adviser on Forbes’ 2025 Best-in-State Wealth Advisors list, with $1.6 billion in assets under management by his team. He credits the power of relationships and […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: SEGURA, JUAN PABLO

In March, reports circulated that Gov. Glenn Youngkin had tried to shift then-Commerce and Trade Secretary Caren Merrick to secretary of natural resources so that Segura, then Merrick’s deputy secretary, could have her post. Merrick left the administration instead. The son of billionaire ENSE Group Chairman Enrique Segura, Juan Pablo Segura ran as the GOP candidate in […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: WILBANKS, WAYNE F.

Wilbanks developed an interest in stocks and bonds at the age of 14. As a 16-year-old, he formed an investment partnership with other students. “I was hooked,” Wilbanks has said of his career trajectory. A Duke graduate, Wilbanks co-founded Norfolk’s Wilbanks Smith & Thomas Asset Management in 1990, serving as the firm’s managing principal and […]

Economic Development 2025: STEPHENS, BRYAN K.
Economic Development 25 September 2, 2025

Economic Development 2025: STEPHENS, BRYAN K.

A 2025 Virginia C-Suite Awards winner, Stephens took the helm of the Hampton Roads Chamber in 2013. The organization advocates for business in the region, which is home to Naval Station Norfolk, the world’s largest naval complex, as well as significant manufacturing and hospitality sectors. With a five-star accreditation by the U.S. Chamber of Commerce, […]

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Top Stories

Construction workers, bottom right, atop the U.S. Treasury, watch as work continues on a largely demolished part of the East Wing of the White House on Oct. 23, 2025, before construction of a new ballroom. (AP Photo/Jacquelyn Martin)

Two Virginia companies donate to White House ballroom project

Altria Group and Booz Allen Hamilton donating to President Donald Trump’s roughly $300 million Whi[...]

A bronze statute of Lady Justice holding scales

Virginia Supreme Court hears $2B trade secrets case

McLean-based software company Appian argued it should receive the record-breaking $2.04 billion jury[...]

Amazon to pay $2.5B in FTC Prime membership settlement

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artif[...]

Disney to build its 7th theme park, this one in the United Arab Emirates

Booz Allen Hamilton announces new round of layoffs

Booz Allen Hamilton is initiating another round of layoffs amid declining revenues in its most recen[...]

The 2025 Virginia Black Business Leaders Awards: The Achievers

Townes-Whitley out as SAIC’s CEO after two years

Toni Townes-Whitley is out as CEO of Fortune 500 government contractor Science Applications Internat[...]

Default Alt Text

Virginia garden center lays off 97 after $160M sale to data center developer

Merrifield Garden Center will close its Gainesville facility this December, laying off 97 employees,[...]

People

Paul Phillips will retire from Freedom First at the end of 2026. Photo courtesy Freedom First Credit Union

Freedom First credit union CEO to retire in 2026

29/10/2025

Former Western Virginia acting U.S. attorney resigns, enters private practice

Former Western Virginia acting U.S. attorney resigns, enters private practice

17/10/2025

NICOLE NEWSOME | Chief strategy and growth officer, Qantm Creative

Qantm Creative taps new CEO

14/10/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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