San Diego Business Journal

SD FINANCE

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

Vibra Earns Top Ranking For Lending

BANKING: Merger With Pacific Commerce Approved by Shareholders

Vibra Bank said that it has been recognized as the No.1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

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San Diego Tourism Authority Aims to Grow International Visitors

Snagging a bigger share of Asian visitors now visiting California, particularly the fast-growing segment of travelers from China, will be among top 2015 priorities for San Diego Tourism Authority, officials said at the organization’s annual report and outlook gathering.

Region's Leading Economic Indicators Up Sharply in January

Economic indicators for the San Diego region rose sharply in January, according to the University of San Diego.

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Bank of America Merrill Lynch Appoints Parra to Lead SoCal Commercial Market

Bank of America Merrill Lynch announced it has named Julian Parra as market executive in the West region of Global Commercial Banking.

Vibra Earns a Top Ranking for Its SBA Lending in Local District

Vibra Bank said that it has been recognized as the No.1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

LPL Financial Appoints Dan Arnold President

LPL Financial LLC, a custodian for registered investment advisors, and a wholly owned subsidiary of LPL Financial Holdings Inc., announced that it has named current chief financial officer Dan Arnold to the role of president effective March 13.

Two Local Farmers Insurance Agencies Merge

Marie Milliman Farmers Insurance announced its merger with Keith Roby Farmers Insurance.

Hot Tub Maker Watkins Acquires Endless Pools

Vista-based Watkins Manufacturing Corp., the world’s largest manufacturer of hot tubs, has acquired Endless Pools Inc. through its parent company, Masco Corp.

California Economic Activity Index Makes Gains

Comerica Bank’s California Economic Activity Index grew in December, climbing 1.6 percentage points to a level of 118.3. December’s reading is 34 points, or 41 percent, above the index cyclical low of 83.8.

Silvergate Bank Reports Q4 Net Income of $1.68 Million

La Jolla-based Silvergate Bank announced net income of $1.68 million for the quarter ended Dec. 31, 2014, compared with $1.27 million for the like quarter of the previous year.

Report: Venture Capitalists Invested $470M in 53 Deals in First Half of 2014

A new report from CONNECT, the San Diego technology accelerator, said venture capitalists invested $470 million in 53 deals in San Diego during the first half of 2014.

Shareholders Approve Merger of Vibra and Pacific Commerce Bank

Vibra Bank’s and Pacific Commerce Bank’s shareholders separately approved the proposed merger of the two banks first announced in October of 2014.

XIFIN Names James C. Malone Its New CFO

XIFIN Inc., a San Diego-based software and services company dedicated to optimizing the economics of health care, has named James C. Malone as its new chief financial officer.

BofI Holding Announces $50 Million At-the-Market Common Stock Offering

San Diego-based BofI Holding Inc., parent company of BofI Federal Bank, announced the completion of its $50 million at-the-market common stock offering commenced in July 2014 and the initiation of a new $50 million at-the-market common stock offering through the filing of a prospectus supplement with the SEC under BOFI's effective shelf registration statement filed on Feb. 19.

Executive Q&A: Tory Nixon of California Bank & Trust

Tory Nixon is executive vice president of California Bank & Trust and heads the San Diego and Northern California divisions of the bank.