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Ten Va. companies make 2021 Forbes list of top tax, accounting firms
Ten Virginia-based companies made Forbes’ top tax and accounting firms list for 2021. Of 450 companies across the nation, 250 companies were awarded the America’s Best Tax Firm 2021 title and 200 companies were awarded the America’s Best Accounting Firm 2021 title. Tax and account professionals and their clients were surveyed between August and September. […]
Not the end of the world
In mid-March, Stephan Cassaday was absorbing Florida sun rays while bicycling near his vacation home when a radio news update on pandemic-related market volatility caused him to pull to the side of the road. Seated on a park bench, Cassaday, chairman and CEO of McLean-based Cassaday & Co. Inc. wealth managers, rang his team [...]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of […][...]
Arlington-based blank check company raises $300M in IPO
Arlington-based Capitol Investment Corp. V raised $300 million through its initial public offering, the special purpose acquisition company (SPAC) announced Wednesday. Led by Chairman and CEO Mark D. Ein and President and CFO L. Dyson Dryden, the company was formed for the purpose of a merger or purchase of another company, though a news release […]
Trustar Bank announces first acquisition
Great Falls-based Trustar Bank announced its first-ever acquisition Wednesday, taking control of Fairfax-based Granite Mortgage LLC. The acquisition will add Granite Mortgage’s full-service mortgage business line to Trustar’s (founded in 2019) banking services. Granite Mortgage will become a wholly owned subsidiary of Trustar, the first bank to be chartered and opened in Virginia in more […][...]
General Dynamics CEO joins JPMorgan Chase board
New York City-based JPMorgan Chase & Co. announced Wednesday that Phebe N. Novakovic, chairman and CEO of Reston-based aerospace and defense contractor General Dynamics Corp., has been elected to join the company’s board of directors, effective Dec. 7. Novakovic has served as chairman and CEO of General Dynamics since 2013[...]
CPAs discuss the economic health of their regions in 2020
We asked five certified public accountants for their take on the state of their regions. This is what they had to say. Answers have been edited for length and clarity. HAMPTON ROADS Maruja Evangelista Pabalan, CPA CEO | EDMARS and Associates CPA LLC | Chesapeake What are your favorite parts about living and working in […]
A taxing time
In early March, Ryan Losi just arrived home after traveling around the world for 10 of the past 13 weeks. He probably won’t be doing that again for a while. The executive vice president of Piascik, a Henrico County CPA firm with global clients, Losi had been paying attention to reports of a new virus […]
Lending a hand
There were days during the past six months that some employees at F&M Bank in Timberville worked through the night. At 3 a.m., they were uploading loan applications for clients onto the U.S. Small Business Administration’s online portal. During the day, the site was overloaded with others applying for loans through the Pay[...]
The Results of the Virginia Society of CPAs’ 2021 Virginia Economic Expectations Survey
To download the results as a PDF click here Related Articles We asked five certified public accountants for their take on the state of their regions. This is what they had to say. Answers have been edited for length and clarity. The Results of the Virginia Society of CPAs’ 2021 Virginia Economic Expectations [&he[...]
Morgan Stanley expected to complete $13B E-Trade acquisition Friday
Morgan Stanley announced Thursday it has won regulatory approval and expects to complete its $13 billion acquisition of Arlington-based online brokerage E-Trade Financial Corp. on Friday. In late July, E-Trade announced that more than 99% of its stockholders had approved the acquisition, which will be one of the largest acquisitions of a local company in […]
Virginia National, Fauquier banks to merge
The parent holding companies of Virginia National Bank and The Fauquier Bank will merge under the Virginia National brand into a combined bank with $1.6 billion in total assets. Charlottesville-based Virginia National Bankshares Corp. and Warrenton-based Fauquier Bankshares Inc. have signed a definitive merger agreement, the banks announced Thursday. The combined company will have approximately $1.4 […][...]
