Ivy Industries, a Charlottesville-based wood-molding manufacturer, closed late last week. Former members of the company's senior management have been accused of participating in a check-kiting operation.
The company's former CEO, John C. Reid, admitted nearly two weeks ago to involvement in a check-kiting operation that robbed Albemarle First Bank of more than $2.4 million.
The company laid off 10 employees in Charlottesville as well as approximately 100 in its Beverly, W.Va. facility Friday.
Guaranty Bank repossessed the company's property and assets Friday.
The city has assessed the value of the company's real estate at nearly $4 million.
Read More
2-1 UBE decision upholds Student Council presidential election results
By Grace Little | 5 hours agoThe University Board of Elections voted in a 2-1 decision to uphold the Spring 2026 Student Council Presidential election results Wednesday, affirming third-year Commerce student Michael Mitchell as the winner of the presidential race.
Genny Freed elected new Honor Committee chair for the 185th term
By Michael Racz | YesterdayInternal elections to select the new chair and vice chairs took place during the Honor Committee’s annual Graves Mountain Lodge retreat March 27-29.
Class of 2026 announces Jim Ryan as keynote speaker for Valedictory Exercises
By Jaylynn Perez and Nina Broderick | 2 days agoRyan will deliver the commencement address at John Paul Jones Arena May 15 as part of Valedictory Exercises.
