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Blue Ridge Bank hires first chief development officer
Steve Farbstein has left his position at Cornerstone RPO to become Blue Ridge Bank’s first chief development officer, the bank recently announced. Farbstein will be responsible for marketing, employee development and growing and maintaining lines of revenue at the bank, a subsidiary of Charlottesville-based Blue Ridge Bank[...]
Va., Md., Del. electric coops association leader retires
Richard G. Johnstone Jr. handed over the reins of the Virginia, Maryland & Delaware Association of Electric Cooperatives this week, retiring after 36 years. Johnstone served as president and CEO of the 76-year-old, Glen-Allen based organization, which represents 15 member-owned electric cooperatives. His replacement, Brian S[...]
CarMax to acquire remaining stake in Edmunds
Goochland County-based used car giant CarMax Inc. announced Thursday that it had signed an agreement for full ownership of vehicle research website Edmunds.com Inc. in a cash and stock deal. In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 c[...]
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 […]
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[...]
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 […]
CounterFlow AI names new CEO
Charlottesville-based CounterFlow AI has named its chief product officer, Bill Cantrell, as CEO effective April 2, the network security firm announced today. Cantrell will succeed Randy Caldejon, who co-founded the company in 2017 and will continue as its executive chairman and vice president of engineering. Caldejon, whose Crozet Coffee Co. was acquired by Grit Coffee […]
Richmond supports restaurants with ‘Picnic in a Parklet’
Two Richmond restaurants will see their on-street parking lanes become outdoor dining areas this week to serve customers, spark business and encourage safer and socially distanced spaces. The dining areas are part Richmond city government’s “Picnic in a Parklet” pilot program, a partnership between the city and downtown booster Venture Richmond, according to a March […]
Super Radiator Coils announces $9M expansion in Chesterfield
Super Radiator Coils will hold a shovel ceremony April 12 to mark the third expansion of its manufacturing facility in northern Chesterfield County — a $9 million project that will add 56,000 square feet and up to 50 jobs, according to a company announcement Monday. The company employs around 210 people at its plant on [&helli[...]
More vaccine going to Richmond and NoVa, as demand increases
More COVID-19 vaccine doses are going to be allocated to Northern Virginia and Richmond regions soon, the state’s vaccine coordinator said Friday, addressing higher demand in those areas of the state. Avula said he expects Northern Virginia to get 20% to 30% more doses next week. A large influx of Virginians driving severa[...]
Pitch Preview lets Central Va. startup founders practice pitches
The Virginia Small Business Development Center, along with the Charlottesville Angel Network (CAN), is offering a new program geared toward Central Virginia startup founders who need practice pitching potential investors. Pitch Preview’s first event is scheduled April 29 from 1-3 p.m. via Zoom. Participants commit to 30-minute time slots with a 15-minute pitch, and for […]
