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Guild Mortgage Co. on Tuesday reported record loan volume of $10.7 billion in the first nine months of the year, more than double its volume of $5.2 billion during the same period last year. The company recorded $4 billion in loans in the third quarter alone.
San Diego Private Bank on Monday reported yet another record quarter, with net income nearly doubling to $1.4 million.
San Jose-based Viropro said Oct. 23 that it’s acquiring San Diego-based NovaRx, a developer of immuno-oncology treatments, for an undisclosed all-stock price.
CDC Small Business Finance, one of the nation’s largest Small Business Administration lenders, said it lent out more than $800 million over the past fiscal year ending in September.
San Diego medical device maker ResMed reported net income of $80.4 million for the first quarter of fiscal 2016, down 3 percent from the same quarter the previous year.
Third-quarter net income for Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, hit $1.5 million, the bank said Thursday, up from $1 million last year.
FINANCES: Firm Is Familiar With Challenges, Ins-and-Outs of Operations
What a Relief, a financial management firm serving small businesses, will near $1 million in revenue this year. Not bad for a company that began with three clients over a decade ago and now serves more than 100.
ACQUISITION: Tech, Life Sciences and Finance Are Most Active Sectors
The San Diego region recorded 225 mergers and acquisitions (M&As) from Jan. 1 to Oct. 7, most of them involving the technology, finance and life sciences sector, according to information compiled by the nonprofit CONNECT.
FINANCE: Ballast Point Would Be First Local Brewer on Nasdaq
Ballast Point Brewing & Spirits Inc. is planning to take the plunge with an initial public offering (IPO) of stock.
Charitable donations have remained at about 2 percent of the U.S. GDP for decades. This presents the nonprofit sector with a classic dilemma — attempts to do something differently to grow overall giving come with a risk of losing share of market.
FINANCE: Some Say Devil Is In too Many Details, Delay
The home mortgage industry is grappling with recently implemented lending rules aimed at simplifying and consolidating the information borrowers receive, making it easier for prospective homebuyers to compare offers, but potentially adding delays to the process.
San Diego-based middle market investment bank Objective Capital Partners has hired former Allergan executive David Crean to head its life sciences investment banking group, the bank said Tuesday.
The San Diego Regional Chamber of Commerce’s measure of business optimism fell for the third consecutive month in September to another year-long low, with firms expressing concern about the impending state minimum wage hike and new aspects of the Affordable Care Act.
San Diego’s unemployment rate dropped a half of a percentage point to 4.6 percent in September, as the county netted 2,500 jobs since August.
Gimbal Inc. said on Oct. 15 that it acquired San Francisco-based Phigital.