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TowneBank to acquire Farmers Bank
Deal valued at about $56M
Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year.
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TowneBank acquires Tennessee cabin rental company
Venture Resorts manages 400 vacation rental properties in Smoky Mountains
Published
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting
Timber exporter building $1.1M facility in Suffolk
Kristi Corp. will source exports from Virginia loggers
Published
Kristi Corp. a global supplier of industrial raw materials for aluminum and steel metallurgical industries, will build a $1.1 million log load and fumigation facility in Suffolk, creating 10 jobs,
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Suffolk names new city manager
Albert Moor had served as interim city manager since September
Published
Suffolk City Council unanimously agreed to hire Albert Moor as city manager during its regularly scheduled meeting on Wednesday. Council members appointed Moor to serve as interim city manager in
New president and CEO of Towne Financial Services Group named
Brian Skinner will oversee all non-bank departments
Published
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the
Dental office building in Suffolk sells for nearly $2.43M
Property fully leased by Aspen Dental
Published
A dental office building in Suffolk sold for nearly $2.43 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. California-based investor Aspen Suffolk LLC purchased the 3,500-square-foot Aspen
Land in Portsmouth sells for $1.05M
Buyer to develop car wash location
Published
A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at
Downtown Suffolk unveils new branding
Businesses will have access to marketing materials
Published
The Suffolk Economic Development Department on Wednesday unveiled new Downtown Suffolk branding. Downtown District businesses will have access to the logo and other marketing tools developed by advertising agency BrandFirst.
City of Suffolk announces leadership overhaul
Appointments for acting deputy city manager, economic development director announced
Published
Following the late September resignation of former Suffolk City Manager Patrick Roberts, interim City Manager Albert Moor on Monday made several appointments to the administrative staff, including an acting deputy
Suffolk city manager resigns
Patrick Roberts leaves; Albert Moor to serve as interim manager
Published
Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert