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PPP loans deadline extended to May 31
Businesses and banks received a two-month extension to apply for Paycheck Protection Program loans this week, as President Joe Biden signed legislation delaying the deadline for the latest round of PPP loans from March 31 to May 31. This week’s extension takes some of the pressure off bankers and businesses, says Steve Yeakel, president and […]
Maximus hires new Federal Services general manager
Government services company Maximus Inc. has named IBM executive Teresa “Terry” Weipert as general manager of its U.S. Federal Services Segment, the Reston-based company announced this week. Weipert will replace Thomas Romeo, who is staying through July to help with the transition before he retires and moves to the segment&#[...]
Virginia National Bank finalizes merger with Fauquier Bank
The parent company of Virginia National Bank announced the completion of its merger with Fauquier Bankshares Inc. today, creating a combined bank with $1.7 billion in assets and $1.5 billion in deposits as of Dec. 31, 2020. The merger, announced in October, brings together Charlottesville-based Virginia National Bankshares Corp. and the Warrenton-based parent company of […]
Va. new unemployment filings up last week, VEC reports
The number of initial unemployment claims filed during the week ending March 27 were 75% lower than they were this week a year ago, when the COVID-19 pandemic’s impact was fully reflected in Virginia’s unemployment statistics. However, the number of new filers increased from the previous week. The Virginia Employment[...]
All Va. adults to be eligible for vaccines by April 18
Gov. Ralph Northam announced Thursday that all Virginians age 16 and older will be eligible to get the COVID-19 vaccine starting April 18, ahead of a May 1 national deadline set by President Joe Biden. Northam made the announcement during a visit to a vaccination clinic at First Mount Zion Baptist Church in Prince William [&hell[...]
Tom Farrell retiring from Dominion Energy
After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directo[...]
Loudoun announces major mixed-use development along Silver Line
Loudoun Economic Development unveiled plans Wednesday for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development adjacent to Metro’s Silver Line extension on a site Loudoun once proposed for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana is the first phase of Innovation Station, a 103-ac[...]
Reston-based SOC Telemed buys Texas telehealth practice for $194M
Reston-based SOC Telemed Inc. announced this week it has purchased Texas-based medical practice Access Physicians for $194 million in cash and stocks. The acquisition will create the largest acute care telemedicine provider in the United States. According to SOC Telemed, the combined company is estimated to have earned $107 million to $113 million in pro […]
Ashburn-based Telos Corp. names new vice president
Ashburn-based cybersecurity firm Telos Corp. has hired Troy M. Bertram as vice president to lead its global enterprise sales teams across state and local governments, education, regulated industries and commercial business verticals, it recently announced. The company cited Bertram’s more than 25 years of experience in gov[...]
Sonabank and parent company rebrand as Primis
A new vision for the company prompted Sonabank to rebrand itself as Primis Bank, company president and CEO Dennis J. Zember Jr. said Wednesday in a statement about the change. “The new vision centers around being innovative in the way we deliver more meaningful results to our customers and our shareholders,” he said, “and doing […]
Aging office parks embrace multifamily
A weekday lunch hour is relatively quiet on the grounds of the Boulders office park, south of Richmond, except for a few people chatting during a walk around a lake and the honking of two geese skimming the water. Overlooking that lake are gray and white apartments recently built from scratch on vacant land — 250 […]
Arguing the case for diversity
Like many industries, law firms are taking a fresh look at hiring and retaining a new generation of employees who better reflect the racial, ethnic and gender diversity of today’s society at large. This move toward diversity and inclusion has been more pronounced since The Coca-Cola Co. announced in January a new policy ma[...]
