SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
FINANCE: First Associates Excels at Educating Consumers
When David Johnson was searching for something to rescue him from the doldrums of retirement in 2008, he honed in on First Associates Loan Servicing LLC.
The most promising careers for young San Diegans are increasingly reliant on data skills, according to a report Tuesday from University of California, San Diego Extension, with analysts making up half of the region’s top emerging careers.
Mission Federal Credit Union on Monday said it has hired Silvergate Bank’s former CFO to fill the same role at Mission Federal.
San Diego gained 4,800 construction jobs over a 12 month period, according to the Associated General Contractors of America’s data analysis.
Solana Beach-based property owner The Shamrock Group LLC has obtained $22.75 million in refinancing for its San Ysidro retail property known as The Plaza at the Border, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.
San Diego’s unemployment rate stayed flat in February at 4.7 percent, as job gains kept pace with the growth of the county’s labor force.
The 2-1-1 San Diego “Rock the House” launch party raised more than $250,000 for its NextGen technology and its new 30,000-square-foot Connections Center. 2-1-1 San Diego is a free, 24-hour, confidential phone service and searchable online database for residents of San Diego County.
FINANCE: $1M Annual Cap May Limit Appeal to Small Cos.
Crowdfunding appeared to get more interesting to most investors this past fall, when federal regulators unveiled new rules that would allow even those without large salaries to buy company shares through online crowdfunding portals. But experts are doubtful the new option will catch on quickly when it debuts in May.
FINANCE: It’s Permanent And More Far Reaching
A revamped tax credit recently passed by Congress will provide enormous benefit to innovative businesses, should they choose to use it. San Diego’s life science firms in particular should pay close attention.
Seattle-based HomeStreet Bank on Monday said it was expanding into San Diego with two branches opening this month.
There are more than 700 Japanese-based companies with offices located in Southern California, one of the highest concentrations of Japanese companies located outside of Japan.
The Women’s Auxiliary of Seacrest Village Retirement Communities held its 38th Annual Gala, “Silver Screen,” at the Hyatt Regency La Jolla at Aventine recently with Esther Fischer and Linda Platt serving as co-chairs of the Gala.
San Diego County’s 19 credit unions loaned $11 billion to their members in the quarter ending Dec. 31, 2015, up 18 percent from last year, as loan volume, deposits and memberships all hit new records, the California Credit Union League said.
Senomyx Inc., a San Diego biotech that makes flavor-enhancers, announced financial earnings for the fourth quarter and full 2015 year.
San Diego’s unemployment rate edged down to 4.7 percent in January, from a revised 4.8 percent the month before, as a smaller labor force offsets a net loss of 19,800 jobs.