SD FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...Will Hot Biotech IPO Market Overheat?
FINANCE: Experts Differ On Bonanza’s SustainabilityRemember the get-rich-quick fervor that inspired the dot-com boom in the late ’90s? January 9, 2015 1:58 p.m. SharePresident Paints Tax Target On Big Banks, Financial Firms
Among the new proposals touted last week by President Obama to boost the nation’s middle class were free tuition for community colleges, expanding paid sick leave, and giving working families tax breaks.
Tax Credits Keep Companies in State
FINANCE: It Pays to Stay For 8 Local Businesses
Looking to expand but not thrilled with the business climate in California, Santee-based Quality Controlled Manufacturing Inc. was considering relocating to another state a few years ago.
Rojeck Assumes Chair Role for Certified Financial Planner Board of Standards
San Diegan Richard Rojeck has begun his role as Chair of the Board of Directors for Certified Financial Planner Board of Standards Inc., a nonprofit organization that certifies more than 71,000 professionals as Certified Financial Planners.
City National Bank to be Acquired for $5.4 Billion
City National Bank, based in Los Angeles and with seven offices in San Diego, said it signed a definitive agreement to be acquired by Royal Bank of Canada in a stock and cash deal valued at $5.4 billion.
Solana Beach Investment Firm Promotes Three Top Staffers
Gurtin Fixed Income Management LLC, a Solana Beach-based investment firm specializing in municipal bonds, promoted several top staffers as it grows its team.
Silvergate Capital Obtains $8 Million Stock Investment
Silvergate Capital Corp., parent company to San Diego-based Silvergate Bank, obtained $8 million in a stock investment from BankCap Partners, a Dallas-based private equity firm, at the end of last year, providing funds for expanding and for repurchasing existing stock, said CEO Alan Lane.
Seacoast Commerce Banc Reports Q4 Net Income of $830,000
Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, reported 2014 fourth-quarter net income of $830,000, compared to net income of $251,000 for the same quarter in 2013.
One Roof Energy Group Announces Investors for Financing
One Roof Energy Group Inc., a San Diego provider of solar energy financing services, said investors in a planned $15 million convertible notes financing include existing investors Black Coral Capital and Spindrift Equities LLC as well as certain other unaffiliated investors.
When It Comes to Auto Loans, Credit Unions Are On Board
FINANCE: Auto Lending Up 44% At Local Institutions
Credit unions are benefiting from a national trend of consumers replacing their aging vehicles and borrowing money at historically low interest rates.
Mortgage Assurance
Local Credit Unions See Growing Market For Mortgage, Home Equity Lending
Once known primarily for making auto loans, more credit unions are expanding their mortgage lending, taking up some of the slack created from banks exiting the business.
Healthy North Island Credit Union Ready to Ramp Up Lending
Like a lot of businesses, North Island Credit Union (NICU) has been through some difficult times.
Canter Cos. Launches Wealth Management Division
Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.
LaSalle Joins IDEA1 Development Venture in East Village
Chicago-based LaSalle Investment Management has joined the development venture working on the previously announced, $90 million IDEA1 mixed-use development in downtown San Diego’s East Village.
TVC Capital Closes $115 Million Fund
San Diego-based TVC Capital, a software-focused growth equity firm, announced the closing of TVC Capital III with $115 million in capital commitments.
Barney & Barney Names Berk Its New CFO
San Diego-based Barney & Barney Insurance Services LLC, a division of Marsh & McLennan Agency LLC, named Steven Berk its new chief financial officer.
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