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TowneBank to acquire Village Bank for $120M

Suffolk-based TowneBank has signed a definitive agreement to acquire Midlothian’s Village Bank and its parent company, Village Bank and Trust Financial, a deal worth approximately $120 million, the banks announced Tuesday. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” [...]

Va. casinos report $63.1M in August revenues

August gaming revenues for Virginia’s three casinos totaled $63.1 million, according to Virginia Lottery data released in September.  Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.94 million in adjusted gaming revenues (wagers minus winnings), of which about $13.29 million ca[...]

Colbert leaves as CEO of Boeing’s defense, space sector

Theodore “Ted” Colbert III is no longer president and CEO of Boeing Defense, Space & Security, the Arlington County aircraft and aerospace manufacturer reported in a Securities and Exchange Commission filing Friday evening, Sept. 20. The announcement comes weeks after NASA decided it was unsafe to send two U.S. a[...]

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How AI is Changing Small Business for the Better

Virginia’s small business owners face challenges every day, from supply chain logjams to rising inflation. Now, with the arrival of Artificial Intelligence, or AI, there are new questions for proprietors to answer