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Finance | Insurance 2023: FRANCISCO ‘FRANK’ CASTELLANOS
As Greater Washington market executive for Merrill, the wealth management arm of Bank of America, Francisco Castellanos leads the D.C. market’s nearly 150 financial advisers, overseeing some $31 billion in client assets. He was named to the position late last year, having previously been Merrill’s Greater Virginia market executive and for 18 months also serving […]
Transportation 2023: JOHN E. ‘JACK’ POTTER
Potter’s responsibilities include managing and operating Ronald Reagan Washington National and Washington Dulles International airports, the only two federally owned airports. He also oversees the Dulles Toll Road. Since taking on his role in 2011, Potter has focused on improving efficiency and technology at the airports. In July, the authority’s board approved a $16.4 million [&hellip[...]
Finance | Insurance 2023: LAWRENCE ‘LARRY’ DI RITA
Di Rita, who had already had an impressive 25-year career in the Navy and federal government, embarked on a second career as a banking executive when he joined Bank of America in 2006. He was named market president for Greater Washington, D.C., in 2019. From 2001 to 2006, Di Rita served as special assistant to […]
D.C. AG’s office sues Snyder, Commanders, NFL
Washington, D.C., Attorney General Karl Racine announced on Twitter Thursday afternoon that his office is suing the Washington Commanders team, owner Dan Snyder, NFL Commissioner Roger Goodell and the National Football League, accusing the defendants of “colluding to deceive District residents … about an investigation into toxic workplace culture,” referring to the NFL’s 20[...]
D.C. sues bitcoin whale Michael Saylor for tax fraud
MicroStrategy Inc. founder Michael Saylor was sued in August by the city of Washington, D.C., which alleges that he defrauded the nation’s capital of more than $25 million in income taxes. The lawsuit argues that Saylor falsely claimed to reside in Virginia or Florida while instead living in a luxury Georgetown penthouse. The civil suit, filed […]
Bitcoin whale Michael Saylor accused of tax fraud
Tysons-based MicroStrategy Inc. Executive Chairman Michael Saylor is being sued by the city of Washington, D.C., which accuses Saylor of engaging in a fraudulent scheme to deprive the city of more than $25 million in income taxes while living in “a luxury penthouse on the Georgetown waterfront” and claiming to be a resident of Virginia […]
YHB to acquire Md. accounting firm
Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1. Financial details of the transaction were not disclosed in Wednesday’s announcement. “We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott Moulden said in a statement. “We expect […]
Something in the Water officially heads to D.C.
Music superstar and Virginia Beach native Pharrell Williams announced Tuesday that his signature three-day music festival, Something in the Water, will be held in June in Washington, D.C., making its departure from Virginia Beach official. Scheduled for June 17-19 on Independence Avenue, the three-day festival includes a long list of pop and hip-hop artists, including […]
Washington Gas gifts Virginia Tech $430,000 for STEM education
Washington Gas gifted Virginia Tech $430,000 to help increase pathways into higher education in STEM disciplines, the university announced Monday. “Washington Gas is honored to partner with Virginia Tech and promote STEM education across the commonwealth of Virginia. Together, our program will help shape future generations of students and workers exploring energy in school studies […]
Dominion Energy to sell W.Va. utility for $690M
Dominion Energy Inc. announced Friday it had signed a definitive agreement to sell its West Virginia natural gas utility to Washington, D.C.-based financial services company Ullico Inc.’s infrastructure business for $690 million. The sale of Hope Gas Inc., also known as Dominion Energy West Virginia (DEWV), is expected to close later this year. “For nearly […]
Amazon provides $21M to create real estate developers of color program
Amazon.com Inc. announced Wednesday a $21 million grant to create a professional training, mentorship and capital funding program for real estate developers of color focused on affordable housing. “With this accelerator program, we are laser focused on lifting up emerging real estate developers of color. We want to foster their professional growth through education and […]
The Carlyle Group to acquire CNSI
Washington, D.C.-based private equity firm The Carlyle Group announced Thursday that affiliated funds under its management have agreed to acquire McLean-based health information technology provider CNSI. Financial terms of the transaction, which is expected to close in December, were not disclosed. Greenwich, Connecticut-based firm Alvarez & Marsal Capital Partners currently owns CNSI. “We b[...]
