Please ensure Javascript is enabled for purposes of website accessibility

Roanoke/New River Valley

KlariVis founder and CEO Kim Snyder
Jan 12, 2024

Roanoke fintech startup KlariVis closes $11M funding round

KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday. KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients, according to a news relea[...]

Jan 11, 2024

Virginia Credit Union, Member One announce merger

Chesterfield County-based Virginia Credit Union and Roanoke-based Member One Federal Credit Union announced plans to merge Thursday, a deal that would create the state’s third largest credit union, with a combined $6.7 billion in assets and 500,000 members. VACU is currently the fourth largest Virginia-based credit union, [...]

Jan 11, 2024

Va. Tech receives two $1M endowment commitments

The Public Service Education Institute has endowed two $1 million funds at Virginia Tech to support internships, the university announced Tuesday. The endowments, each created with a $1 million commitment, will support students who have secured internships with federal, state or local government agencies, including the Virginia Cooperative Extension. One endowment will support students in […][...]

Todd Murray. Photo courtesy Ridge View Bank
Jan 10, 2024

Ridge View Bank hires new SVP for New River Valley

Ridge View Bank has hired Todd Murray as senior vice president of commercial banking in the New River Valley, the Roanoke-based bank announced Wednesday. Murray will lead an expansion of bank’s commercial banking services in the New River Valley and will be responsible for loan and deposit production, collaborating with the ba[...]

Jan 10, 2024

Former Gentry Locke managing partner dies

G. Michael “Mike” Pace Jr., managing partner of Roanoke’s Gentry Locke law firm for several years and a former Virginia Bar Association president, died Jan. 8 after a long illness. He was 66. Pace, a Salem native, spent nearly his whole career at the Roanoke law firm, starting as a summer associate in 1983 and [&hellip[...]

Jan 3, 2024

Trucking company plans $50M facility in Botetourt

Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced Wednesday. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations[...]

Dec 31, 2023

Renovating Roanoke’s ‘Grand Old Lady’

The Hotel Roanoke & Conference Center, Curio Collection by Hilton plans a $14 million renovation this year, bringing new technology, new design and new, custom-made Hotel Roanoke-logoed furniture to every one of its 329 guest rooms. The hotel’s most recent renovation, completed in 2020, upgraded its Pine Room restaurant, c[...]

Dec 27, 2023

Lynchburg and Danville law firms to merge

The law firms of Petty, Livingston, Dawson & Richards in Lynchburg and Southern Virginia Legal (SoVa Legal) in Danville will merge to become PLDR Law beginning Jan. 1, 2024, the two law firms announced Wednesday. Together, the two firms will jointly have 16 attorneys and have offices in Lynchburg and Danville, serving commun[...]

Mount Pleasant Villas. Photo courtesy Cushman & Wakefield | Thalhimer
Dec 18, 2023

Roanoke apartment complex sells for $7.25M

Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands. Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer.  It’s the compan[...]

Dec 14, 2023

Framatome plans $49.4M expansion, creating 515 jobs

Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and de[...]

University of Virginia Rotunda and Lawn. Photo courtesy University of Virginia
Dec 12, 2023

3 Va. universities make top 100 in national R&D rankings

The University of Virginia, Virginia Tech and Virginia Commonwealth University landed in the top 100 in the National Science Foundation’s fiscal 2022 rankings by expenditures on research and development. NSF determines the rankings with data from its annual Higher Education Research and Development Survey, which surveys U.S. c[...]

Summer Craze Fowler. Photo courtesy Torc
Dec 11, 2023

Torc hires chief information security officer

Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.