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Langley Federal Credit Union to merge with Va. Beach Schools Credit Union
Newport News-based Langley Federal Credit Union and the Virginia Beach Schools Federal Credit Union have received regulatory approval for a Nov. 1 merger that will create a $4.1 billion institution, the credit unions announced Thursday. Langley CEO Tom Ryan will serve as CEO of the combined entity, which is expected to be fully [...]
Fed says Fifth District economy sees moderate growth
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published eight times per year and is based on anecdotal informati[...]
Mac Curtis joins Blue Delta Capital Partners as venture fellow
Mac Curtis, the former chairman, president and CEO of Perspecta Inc., has joined McLean-based government services equity firm Blue Delta Capital Partners as a venture fellow. Herndon-based national security contractor Peraton Inc. acquired Chantilly-based federal IT contractor Perspecta in May for $7.1 billion. Curtis took Persp[...]
Mary Baldwin alum makes $12.5M gift
A 1965 alumna of Mary Baldwin University has given her alma mater $12.5 million, which will mainly go toward unrestricted support of the private university in Staunton, MBU announced Wednesday. Paula Stephens Lambert, a Dallas resident who founded Mozzarella Co. in 1982 and introduced many European handmade cheeses to the United[...]
Chesapeake Bank donates $100k to Rappahannock hospital
Chesapeake Bank has pledged $100,000 toward building a new emergency department at Bon Secours Rappahannock General Hospital in Kilmarnock, the bank announced Wednesday. “As a community bank with several offices on the Northern Neck, Chesapeake Bank is proud to support the campaign for Rappahannock General Hospital,” Jeffrey Szyperski, CEO and President of Chesapeake Bank said […]
Va. hotel revenues remain below 2019 levels
Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
Intact Technology to expand Fairfax HQ
Fairfax-based IT consulting firm Intact Technology will expand its headquarters, Gov. Ralph Northam announced Tuesday. The expansion will create more than 40 jobs, and Intact will invest at least $700,000, the governor’s office said. Virginia competed against Maryland for the project. In 2020, Intact relocated its headquarters from Greenbelt, Maryland, to Reston. The company was […]
Virginia Supreme Court appoints new clerk
The Supreme Court of Virginia has appointed Muriel-Theresa Pitney as the clerk of the court effective immediately, the court announced Friday. Pitney has served as chief deputy clerk since January 2019 and acting clerk of the court since April. She has also been a staff attorney for the Court of Appeals of Virginia, an attorney […]
Va. on track to achieve universal broadband by 2024
The state government expects to achieve universal broadband access in Virginia by 2024, Gov. Ralph Northam announced Tuesday, with more than $2 billion in public and private-sector funding going toward the effort. Northam’s original pledge in 2018 was to provide broadband access to the whole state by 2028, but with federal[...]
Virginia Dental Association elects new leadership
The Virginia Dental Association elected new leadership at its annual meeting in Williamsburg on Oct. 5 and Dr. Scott Berman of Falls Church was elected to be the group’s new president. The 4,000-member association is affiliated with the American Dental Association and provides continuing education, advocacy, practice support for its member dentists. Along with Berman, […]
Guidehouse acquires McLean tech company
Tysons-based consulting company Guidehouse completed its acquisition of McLean-based Dovel Technologies Inc., the company announced Monday. Financial terms of the transaction, which was announced in September, were not disclosed. “With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models […][...]
Manassas shopping center sells for $19.45M
The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corpo[...]
