John Hunter Raines admitted to using the embezzled funds on private jet trips, limo rides and a gambling and booze habit. The judge in his case has signaled he won't show leniency at sentencing.
Fresh off an acquisition that significantly expanded its footprint in the region, the Strasburg, Va.-based bank has hired a seasoned local CEO to help lead its growth in Richmond.
It took a yearslong courting by a fellow aviator and a nudge from his wife to convince Mike Mickel to sell his private jet management and charter company after four decades in business.
“Betting on yourself and betting on your partners is exhilarating,” Seven Hills Strategy Group co-founder Edward Mullen said of making the leap from law firm Reed Smith.
“Even with this huge new firm, we’re still the second largest office in the country,” the local managing partner said of the firm's the Richmond outpost.
The banking giant will soon have two new from-scratch branches open for business in the region and plans to spend $20 million on local upgrades and additional expansions in the near future.