SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.March 31, 2015 3:08 p.m. Share
ECONOMY: Key Sectors Provide Pay And Progress for S.D.
The region’s life science and technology industries are continuing to see sustained growth, according to a recent jobs report.
ECONOMY: Consultants Guide Quest for University And Innovation District
No schools are yet on board, but Chula Vista is counting on an improving economy and a proposed University and Innovation District to bring a long-sought educational campus and related research-focused business activity to the city.
ECONOMY: GO-Biz Incentives Awarded for Creation of 4,311 Jobs
Eighteen San Diego County businesses will receive $20.24 million in state tax credits through the governor’s Office of Business and Economic Development (GO-Biz) in return for creating 4,311 new jobs.
Mission Federal Credit Union, the second-largest credit union in San Diego as measured by assets, plans to celebrate the opening of its new Eastlake Branch on Saturday, May 9, from 9 a.m. to 1 p.m., 884 Eastlake Parkway, Chula Vista.
San Diego-based Pico Digital Inc., a provider of multimedia delivery solutions to customers in the broadcast, cable, satellite, and broadband markets, announced it has entered into an agreement to acquire the broadcast products business from International Datacasting Corp., a technology provider for the broadcasters in radio, television, data and digital cinema.
Headphone and headset maker Turtle Beach Corp. said on April 23 that it issued a $5 million subordinated note to its controlling shareholder, SG VTB Holdings LLC, an affiliate of Stripes Group LLC.
Grandpoint Bank and its three divisions, including La Jolla-based Regents Bank, received a 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial based on Dec. 31, 2014, financial data.
Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, reported 2015 first-quarter net income of $1.3 million, compared to net income of $2 million for the same quarter in 2014.
ECONOMY: Growing Millennial Population Could Be Key Resource
San Diego ranks 17th in the nation among major markets for its ability to attract and grow technology-focused employment talent, according to a new report from commercial brokerage company CBRE Group Inc. The report says tech industry clustering remains the biggest driver of office space demand in the U.S. and the local region.
finance: Former CEO Joins Seacoast As VP and CAO
Seacoast Commerce Banc Holdings and its wholly owned subsidiary Seacoast Commerce Bank announced the hiring of Scott R. Andrews as the executive vice president and chief administrative officer for both the company and the bank.
ECONOMY: Sea Lion Waste Wreaks Havoc on La Jolla Cove Businesses
The Goldfish Point Café enjoys a unique location with foot traffic that most businesses would envy: The world-famous La Jolla Cove draws in tourists every day.
San Diego County’s unemployment rate hovered close to pre-recession levels in March, reaching 5.1 percent, down from 7.1 percent one year ago, according to preliminary data released by the state.
Eighteen San Diego County businesses will receive $20.24 million in state tax credits through the governor’s Office of Business and Economic Development (GO-Biz) for creating 4,311 new jobs.
Guild Mortgage Co., a San Diego private mortgage bank, has named David Battany as its new executive vice president of capital markets.
ECONOMY: They Are Looking to Attract Companies, Investment
Five North County cities have launched a branding and economic development initiative to collectively promote the state Route 78 corridor and increase their capacity to retain, expand and attract talent, companies and investment.