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The Jack in the Box Foundation donated $325,000 to Big Brothers Big Sisters. The funds were raised at 23rd annual Jack in the Box Charity Golf Tournament held in April. More than 350 Jack in the Box employees and vendors attended the tournament held at the Hyatt Regency Indian Wells Resort & Spa.
Good borrowers may be tougher to find, but it’s much easier if you’ve got a sizable loan production network. That appears to be the case at Seacoast Commerce Bank based in Rancho Bernardo, which operates a dozen loan production offices outside the county where it has two branches. Besides five branches in California, it also has sites in Arizona, Nevada, Texas, Utah and Washington.
BANKING: Branch Banking Adapts to Technology Advances
Despite a quantum shift by more consumers doing their banking via the Internet and ATMs, most banks say they have no plans to eliminate their retail branch networks.
Nikki Hartung is senior vice president and market manager for Chase Consumer and Business Banking in San Diego. She has worked for JPMorgan Chase & Co. for 19 years, after joining the company in a management development program
FINANCE: The CDC Has Loaned Nearly $4B In Its 35 Years
Now in its 35th year, small business lender San Diego-based CDC Small Business Finance can take some pride in the legacy it’s created.
J. Robert Beyster and Betty J. Beyster will donate approximately $2.5 million to the J. Craig Venter Institute. The funds will be used to support the completion of the J. Craig Venter Institute sustainable laboratory that is currently under construction at UC San Diego.
Revenue for San Diego diabetes testing equipment maker DexCom Inc. rose to $27.8 million for the first quarter of 2013.
Leap Wireless International Inc., the San Diego flat-rate wireless carrier that does business under the Cricket brand, reported a first quarter net loss attributed to common shareholders of $111.3 million compared with a net loss of $98.4 million in the like quarter of 2012.
Terry Moore, founder and principal of local boutique venture capital firm Moore Venture Partners recently announced the final close of MVP, a $10 million fund. Moore also said he’s already closed his fifth deal from the fund, an investment in Savara Pharmaceuticals, located in Austin, Texas.
Michael Crick, the son of the late Nobel laureate and Salk faculty member, Francis Crick, will donate approximately $3 million to the Salk Institute for Biological Studies. The funds come from the sale of a letter that Francis Crick wrote to his then-young son Michael describing his discovery of the double-helical structure of DNA.
I am writing this column from my home office, after the children have gone to sleep, and I am feeling a tinge of last minute energy.
San Diego-based Topera Inc. has announced a $25 million series C financing round to commercialize its medical device that treats irregular heartbeats.
Qualcomm Inc. reported fiscal 2013 second quarter net income of $1.87 billion, down 16 percent from the like quarter last year on record revenue of $6.12 billion, up 24 percent from a year earlier.
San Diego-based medical device maker CareFusion Corp. announced it will pay the government about $41 million to resolve an investigation related to the company’s sales and marketing practices.