SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

New Bank Waits… And Waits

With Risks in Mind, FDIC Takes It TimeFour letters stand between San Diego and the establishment of the region’s first new commercial bank in nearly a decade: FDIC. The proposed Endeavor Bank, which received state approval from the California Department of Business Oversight in March and approval for its stock offering circular in July, is waiting for the Federal Deposit Insurance Commission’s OK to open its doors.

Co., Foundation Get Others Onboard for Border Area Cleanup

The San Diego County chapter of the Surfrider Foundation, one of the largest and most active U.S. chapters, announced that Costa Rican-based beer manufacturer Cerveza Imperial raised more than $10,000 for the foundation and the California Surf Museum. The $8,500 raised from the auction of four Aaron Chang surfboards is being added to the contribution Cerveza Imperial made earlier this summer to Surfrider Foundation’s project to rid the Tijuana River Valley and ocean at the border of pollutants. The additional $2,010 raised from donations at the event is going to the California Surf Museum.

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Empyr Launches Major Expansion

San Diego tech startup Empyr has launched a major expansion that includes doubling the company’s office space and its staff.

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Former Annie’s Exec Takes Reins at S.D. Startup

A company making baby food and applesauce doesn’t really fit the startup stereotype, but if fast growth is an indicator of startup status then Once Upon a Farm certainly fits the bill.

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Reliant Funding Brand Survives After Merger

San Diego-based alternative lender Reliant Funding is the surviving brand following its merger two years ago with Long Island-based Merchants Capital Access.

Feeding S.D.’s Campaign Gets Big Win in Fight Against Hunger

Feeding San Diego announced that through the Fuel for Summer campaign it raised $251,638, or the equivalent of more than one million meals, to provide critical support throughout the summer to ensure that kids and families received the nutrition they need to live healthy and productive lives.

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Executive Q&A DeAnne Steele, U.S. Trust, Bank of America

DeAnne Steele is managing director and investment executive at U.S. Trust, Bank of America Private Wealth Management, where she leads a team of investment and wealth strategy professionals for the West and Central South divisions.

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Tracing the Startup Resources

These Groups Bring Various Levels of Clout, Capital and Skills to Their Missions of Serving Companies

San Diego startups depend heavily on a handful of nonprofit groups that help entrepreneurs get on the path to growth.

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San Diego County Credit Union May Replace Qualcomm As Stadium Name

Naming rights for the building now known as Qualcomm Stadium may go to San Diego’s largest locally headquartered financial institution, San Diego County Credit Union, which has offered $500,000.

Business Outlook Index Drops to Lowest Point of 2017

The San Diego Regional Chamber of Commerce’s latest business outlook index dropped to its lowest point of 2017 due to uncertainty and falling expectations of revenue, employment and business conditions.

San Diego-Based ICW Group's Net Worth Exceeds $1 Billion

San Diego-based ICW Group Insurance Cos., which represents a trio of property, auto and workers’ compensation insurance carriers, announced Sept. 11 its net worth had surpassed $1 billion.

New Board Members, Chair Appointed at San Diego Workforce Partnership

The San Diego Workforce Partnership, which funds job training programs, has appointed five new members to its Workforce Development Board and announced a new chair.

Talk About Disruption: A Nice Debt Collector

Ken Green admits collections isn’t the sexiest industry out there.

AB 1250: Negative Consequences for Taxpayers

Counties across California depend on private organizations to efficiently meet a wide array of community needs. Nonprofits, community-based organizations and other private service providers bring the expertise and specialization required to maximize taxpayer resources and enhance county services.

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People and Teams Pool Their Athletic Abilities for Fundraiser

More than 200 swimmers took to the UCSD Canyonview Aquatic Complex for 24 hours of swimming during the fourth annual Swim 24Challenge, a fundraiser for the Drowning Prevention Foundation of San Diego aka San Diego Junior Lifeguard Foundation.

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Executive Q&A Chris Marsh, UBS Financial Services

Wealth management has always been about more than simply getting a client to a specific number. But today, more than ever, advisers are looking to help investors align their financial decisions with their values, said UBS Financial Services’ Chris Marsh,

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