San Diego Business Journal

SD FINANCE

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

New Bank Backers Eying Business Growth

FINANCE: More Cos. in S.D. Create Need for More Banking

Southern California appears to be ground zero for interest in new, or de novo, community banks, and a group of San Diegans could be next to tread the path few have dared since the financial crisis.

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It’s Business’s Big Word; What Does it Mean?

COMPANIES: ‘Startup’ Label Can Be Tricky to Define

The word “startup” may not mean what you think it means. The label has boomed in popularity over the past decade, evolving from a buzzword during the dotcom era to the fuzzword it is today.

Survey of CFOs Finds Majority Plan to Fill Vacancies

Fifteen percent of chief financial officers in San Diego who responded to a recent employment survey said they plan to hire full-time, professional-level workers for new roles in the next six months.

CardioCell LLC Retains Objective Capital Partners

San Diego biotech CardioCell LLC has retained Objective Capital Partners, an investment bank and mergers and acquisitions advisory firm, to help the company “manage growth,” the company said in a statement.

Workforce Partnership Gets $400,000 Grant for Retail Worker Training

The San Diego Workforce Partnership has been selected to receive a $400,000 grant from the Chicago Cook Workforce Partnership, as part of a nationwide effort to increase economic mobility for workers in retail and related sectors.

Domain Associates Invests in Medical Device Co.

An Orange County-based medical device company announced Tuesday it had secured $40 million in Series E financing from investors, including San Diego-based venture capital firm Domain Associates.

Wage and Salary Survey Shows Improving Pay Climate

San Diego employers as a whole gave their workers 2015 merit raises surpassing the national average, according to survey results released Sept. 1 by the San Diego Employers Association.

S.D. Economic Index Down for Three Consecutive Months

In a sign that the local business community could face a mixed outlook, a closely watched local economic index slipped for the third consecutive month in July, the University of San Diego Burnham-Moores Center for Real Estate reported in an update concluding the trend may be nothing to worry about.

SBA Awards Three Local Accelerators $50,000 Grants as Part of Competition

Three San Diego business accelerators will each receive a $50,000 grant from the U.S. Small Business Administration, the organization announced this week.

Hera Labs Awarded City Grant for $30,000

Mayor Kevin Faulconer this week presented Hera Labs, a female-focused business accelerator, with a $30,000 city grant.

Zavante Therapeutics Secures $10 Million Loan

Zavante Therapeutics, a San Diego startup launched by biotech veterans last fall, has secured a $10 million loan from Square 1 Bank, a division of Pacific Western Bank.

San Diego Ranks Low in Affordability Against Competing Metropolitan Areas

San Diego lags behind most of its national competitors in terms of affordability, as measured by cost of living as a share of per-capita personal income, according to a study released Sept. 1.

Scripps Health Acquires Assets of Pacific Coast Women’s Health Medical Group

Scripps Health has acquired the assets of Pacific Coast Women’s Health Medical Group, whose physicians become part of Scripps Coastal Medical Group under a transaction announced Sept. 1.

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Local Group Applies to FDIC to Create New Bank

FINANCE: Endeavor Would Be First New Community Bank in Years

A group of San Diegans this month filed an application with the Federal Deposit Insurance Corporation seeking approval to form a new community bank.

Local Group Applies to FDIC to Create New Bank

A group of San Diegans this month filed an application with the Federal Deposit Insurance Corp. seeking approval to form a new community bank.