San Diego Business Journal

SD FINANCE

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

TGG Names Ruff CEO; Garrett to Take Executive Chairman Role

San Diego-based TGG, a provider of outsourced accounting and business advisory services, announced that Andrew Ruff has been appointed as chief executive officer effective immediately. Matt Garrett, former CEO, is now executive chairman of the company.

Pure Financial Advisors Opening Office in Woodland Hills

Pure Financial Advisors, a Mission Valley-based financial planning and asset management firm, said it is opening an office in Woodland Hills on Feb. 23.

Home Bank of California Reports 2014 Net Income of $2.76 Million

Home Bank of California, with a single office in Kearny Mesa, reported 2014 net income of $2.76 million, compared to $2.3 million for 2013.

Shareholder’s Opposition Part of Rocky Road for Merger

The planned merger of Chula Vista’s Vibra Bank and Pacific Commerce Bank in Los Angeles may not go as smoothly as the banks’ top management would like.

When it Comes to Tech Jobs, San Diego Outpaces Nation

ECONOMY: Despite Layoffs, Region Sees Continued Growth

San Diego managed to buck a national trend last year that saw the elimination of more than 100,000 high-tech jobs. Even though the region sustained several high-profile layoffs, it was able to create more jobs to make up for the cuts.

MaxLinear Acquiring Entropic Communications

ACQUISITION: Cash And Stock Deal Is Valued at $287 Million

Two San Diego public semiconductor companies are joining forces.

Fannie, Freddie Say No; Lenders Say Yes

BANKING: Unusual Income Streams Don’t Stop Mortgages

Borrowers who can’t meet stricter federal guidelines for “qualified mortgages” are now being courted by mortgage lenders willing to make the loans, but at a higher price.

San Diego Tech Coast Angels Set Record Investment Year in 2014

San Diego Tech Coast Angels, the largest chapter of Tech Coast Angels, the second-biggest angel investing organization in the United States, announced that its 2014 investments reached an all-time record.

Guild Mortgage Opens Branch in Carlsbad

Guild Mortgage Co., a San Diego private mortgage bank, said it opened a Carlsbad branch office as part of the company’s continued expansion in the West.

Union Bank Opens Full-Service Office in La Jolla

Union Bank has opened a new full-service office in La Jolla Village Square, 8715 Villa La Jolla Drive.

First National Bank of Southern California Obtains $3 Million in Capital Funding

First National Bank of Southern California, based in Riverside and with three branches in San Diego County, said it obtained an additional $3 million in capital funding in December from existing investors.

Define Financial Relocates Offices to Symphony Towers

Define Financial, a financial advisory firm in San Diego, recently relocated to new offices at Symphony Towers.

San Diego County Credit Union Assets Grew to $6.7 Billion in 2014

San Diego County Credit Union, the area’s largest credit union, grew by about $400 million last year to bring the total assets to about $6.7 billion.

BioNano Raises $68.5M In Financing

San Diego-based BioNano Genomics Inc., a genome-mapping device company, has raised $68.5 million in financing, according to a recent filing with the Securities and Exchange Commission.

Qualcomm Lowers Outlook Despite Gains

FINANCE: Company Defends Snapdragon Touting Its Many Users

Shares of Qualcomm Inc. fell more than 11 percent into the $62 range on Jan. 29 as the company reported record revenue and increased earnings for its first quarter — but cut its forecast for the second half of the year.