Chesapeake Bank opens Henrico location

Kilmarnock-based Chesapeake Bank recently opened a Henrico office at 7204 Glen Forest Drive, Suite 104 in the Near West End. The office will be led by Frank Bell and will focus on the financing needs of small to medium-sized businesses.

“Chesapeake Bank coming to the Richmond market is a natural extension of our current geography and our customer base,” said Jeffrey M. Szyperski, CEO of Chesapeake Bank, which was founded in 1900. “Two-thirds of our portfolio is commercial lending, with a focus on small businesses. Even during the most recent downturn, we’ve been steadily lending funds, something other banks haven’t been capable of. We look forward to working with Richmond businesses as a long-term partner and are excited that Richmond veteran Frank Bell is leading that effort.”

Bell, the former CEO of Bank of Virginia and now senior vice president with Chesapeake Bank, said he was excited to join the new location.

“I’m thrilled to be joining Chesapeake Bank given its local community focus and long history," Bell said. "What’s more, this is an opportunity for Richmond’s entrepreneurs to find a financial partner that’s there with you side-by-side as your needs change. Based on the work Chesapeake Bank does in areas like the Northern Neck and Williamsburg, Richmonders can expect consistency, personal service – and of course – competitive terms.”
Bail Bonds Chesterfield VA

State Police urge motorists to #MoveOver during Memorial Day weekend

Memorial Day signifies the official start of summer, and Virginia State Police officials are urging motorists to "do what’s right when they see lights" and move over.

The “Move Over” law is a lifesaving law intended to protect public safety professionals and highway workers who help to maintain the safety of the Commonwealth’s roads. State Police are using the #MoveOver hashtag on social media to promote the law. > Read more.

Henrico to hold June 8 open house on Route 5 Corridor/Marion Hill study

The Henrico County Planning Department will hold an open house Thursday, June 8 for residents and other members of the public to provide input for a study of the Route 5 Corridor/Marion Hill areas.

The open house will be held from 4:30 to 7:30 p.m. at the Varina Area Library, 1875 New Market Road. The meeting’s informal structure will allow the public to attend at their convenience and to ask questions and discuss the study one on one with Planning staff. > Read more.

Henrico real estate staying strong despite low inventory

The Henrico real estate market has been relatively strong for the past month, despite a lower amount of inventory, according to data from Long and Foster Real Estate.

In the past month, 408 homes have been sold in Henrico, which is 2 percent less than were sold in the same timeframe in 2016.

Last year the median sale prices for Henrico homes was $219,975, whereas this month it's up to $232,500, a 6 percent increase. Which means half of the homes in Henrico are priced above $232,500 and half are priced below. > Read more.

Smither named director of Henrico’s Department of Finance

Henrico County Manager John A. Vithoulkas has appointed Edward N. “Ned” Smither Jr. to serve as director of the Department of Finance, effective July 1.

Smither has served Henrico since 2013 as director of the Accounting Division in Finance. He will succeed Eugene H. Walter, who has delayed his retirement until June 30 to ensure an orderly transition within the department.
> Read more.

State honors EMS officials this week

There were nearly 1.5 million emergency medical services calls and 4,063 incidents per day in Virginia just last year.

This week, May 21-27, declared as National EMS week by Gov. Terry McAuliffe, recognizes the more than 34,000 EMS personnel and 631 agencies in the state and commends their efforts and commitment to Commonwealth citizens.
> Read more.

Henrico Business Bulletin Board

May 2017
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