SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Top executives exiting with lucrative golden parachutes when their companies are acquired isn’t new, but it’s less common among small community banks.
INSURANCE: Policies Are An Attractive Job Benefit, But Can Be Complicated
Employers continue to explore long-term care insurance to pad their benefits packages, in large part to attract and retain key talent. This is because long-term care insurance can be a boon to employees who foresee caring for aging family members, or who want to protect their own assets as they age.
Susan G. Komen for the Cure, San Diego awarded $1.4 million to breast health programs throughout San Diego County at its annual Grant Award Ceremony recently.
INSURANCE: Law’s Complexities, Uncertainties Need to Be Understood
Small business owners in San Diego County will need to brush up on federal health care reform regulations in order to take full advantage of new tax incentives and potentially lower insurance costs.
The Del Mar Country Club hosted the second annual fundraiser to support the SEAL-Naval Special Warfare Family Foundation, which raised more than $1 million.
FINANCE: Rule Change Allows More Secrecy for Small Firms
With the broader stock market surging, investor appetite for new companies through initial public offerings is also percolating.
The Alzheimer’s Association San Diego/Imperial Chapter held the 16th annual Memories in the Making Art Auction recently at the Hahn University Center at the University of San Diego. The event raised more than $150,000 to support the San Diego/Imperial Chapter of the Alzheimer’s Association.
FINANCE: Direct Lending Would Be Managed By a Firm
The board that oversees the $9.1 billion pension fund for San Diego County retirees is considering deploying some of that capital into direct business lending.
BANKING: Kearny Mesa Move Part of New Lending Strategy
Home Bank of California, one of the area’s smallest but most profitable lenders, found a new home as it shifts its strategy to pursue more business loans.
Reading proxy reports can be fun if you’re into that sort of thing, or if you’re a big shareholder or an employee of the affected companies.
Local philanthropist John Moores donated approximately $2 million to The Scripps Research Institute. The funds will be used for the development of a new field test for river blindness, a parasitic infection that affects tens of millions of people in parts of Africa, Latin America and other tropical regions.
Torrey Pines Bank, now at $2 billion in assets and the third largest bank based in San Diego, continued to get bigger last year, increasing assets by 17 percent and its loan portfolio by 12 percent.
FINANCE: Financial Advisers Break Away From the Big Firms
Locally based broker-dealers that provide back office and support services to independent financial advisers are expanding their local operations as more of the advisers break away from big brokerages.
William “Bill” Super is the founder of William Super CPAs & Consultants, a practice that helps business owners and their families, and families with wealth with estate and charitable planning, family legacy and philanthropic planning, succession planning, exit planning and building the overall business value. The firm focuses on proactive, collaborative planning so business principals attain their long-term business objectives and maximize organizational value as well as overall family goals. Super founded the firm in 2007 after moving from Seattle.
MARKET: Experts Are Advising Clients To Shift to Stocks
As the stock market continues its upward climb, more investors are moving back into equities, some belatedly, but local financial advisers say that there’s still plenty of upside left.