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Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B
Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies, Atlantic Union Bankshares and Sandy Spring Bancorp, have entered into a merger agreement that would create a combined bank with $39.2 billion in assets as […]
VCU wins approval to start lung transplant surgeries
VCU Health announced Wednesday it has received approval to start lung transplantation surgeries at its Hume-Lee Transplant Center, becoming one of three facilities in the state providing lung transplants. “This will be extremely beneficial for the hundreds of patients living with advanced lung disease in Eastern and Central Virginia,” Dr. Marlon Levy, interim VCU Health […]
Allianz named title sponsor of Richmond amphitheater
Allianz Partners will be the naming sponsor for Richmond‘s forthcoming 7,500-capacity, $30 million outdoor amphitheater, the global insurer announced Tuesday. The Allianz Amphitheater at Riverfront, a project led by Charlottesville’s Red Light Ventures and Live Nation, is expected to open next year in time for the summer concert season, according to the announcement. The amphitheater [[...]
VCU eyes purchasing Altria’s Richmond research facility
Officials with Virginia Commonwealth University are discussing with the Altria Group the possibility of buying its 450,000-square-foot research building in downtown Richmond, the two parties acknowledged separately this week. The Altria Center for Research and Technology, which opened in 2007, sits on more than four acres at 600 E. Leigh St. and is assessed for […]
Richmond Flying Squirrels’ new stadium will be CarMax Park
With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]
VACUL announces intent to merge with regional group
The Virginia Credit Union League has signed a letter of intent to consolidate with the League of Southeastern Credit Unions & Affiliates, the trade organization representing credit unions in Alabama, Florida and Georgia. Virginia credit unions will decide this fall whether to merge VACUL’s associations, foundations and service corporations with those of the LSCU, with […]
Fahrenheit Advisors hires Hampton Roads leader
Richmond consulting firm Fahrenheit Advisors has hired Stephen Hoy as managing director of business development for the Hampton Roads area, the company announced Monday. Hoy will develop new relationships and support existing clients from Williamsburg to Virginia Beach. Most recently, Hoy was director of sales and strategic partnerships for Strive, a California company that offers […]
265 Va. companies make 2024 Inc. 5000 list
This year, 265 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, released Tuesday by Inc. magazine. Ranking at No. 53 overall, Ashburn IT services firm Blu Omega, a woman-owned small business founded in 2020, was the highest-ranking Virginia company on the list. Blu Omega’s clients include federal agencies […]
LL Flooring files for bankruptcy
LL Flooring, the Henrico County flooring company previously known as Lumber Liquidators, announced Sunday it has entered Chapter 11 bankruptcy proceedings and is pursuing a sale of its business. Also, according to documents filed with the Securities and Exchange Commission, the company has received a nonbinding letter of intent to sell its Henrico County distribution […]
Pechin joins Thalhimer Realty Partners
Less than a year after leaving the City of Richmond to work for the federal government, Maritza Pechin has joined Thalhimer Realty Partners as director of development, the Cushman & Wakefield | Thalhimer subsidiary announced Monday. Pechin was deputy director for the office of equitable development for the city and was heavily involved in the […]
Virginia Credit Union-Member One merger approved
Virginia Credit Union’s merger with Roanoke-based Member One Federal Credit Union was finalized Thursday, following a vote by Member One’s customers to approve the deal announced in January. Effective Thursday, Member One becomes a division of VACU “as the organization works toward full integration of its systems and service platforms,” according to a news release […[...]
Connecticut firm sues former Diamond District partners for $40M
A Connecticut-based developer, Republic Projects, has filed a $40 million lawsuit against its former partners in Richmond‘s $2.44 billion Diamond District project, a city-backed mixed-use development that includes a replacement for the 40-year-old Diamond baseball stadium. Republic Projects, the plaintiff in the lawsuit filed July 19 in Richmond Circuit Court, claims that Richmond-based Thal[...]
