San Diego Business Journal

SD FINANCE

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

Holiday Bowl Trades ESPN in for Fox Sports

After 30 years on ESPN, the San Diego County Credit Union Holiday Bowl is moving to Fox Sports for its game broadcast.

By Sarah de Crescenzo June 18, 2017 1:07 p.m. share »

LA Firm Acquires Auto Lender CULA

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

By Sarah de Crescenzo June 18, 2017 1 p.m. share »

Business Owners Remain Optimistic About Local Economy

San Diego’s business community remains optimistic about the economy going forward, according to the latest report from the San Diego Regional Chamber of Commerce, which fields input on a monthly basis from about 200 randomly selected members of San Diego-area chambers of commerce.

By Sarah de Crescenzo June 16, 2017 5:40 p.m. share »
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S.D. Startup Guru Wins $225K at Qualcomm Ventures Event

San Diego startup Guru Inc. scored $225,000 in cash and professional services for winning a pitch competition Thursday night put on by startup leaders and Qualcomm Ventures.

By Brittany Meiling June 16, 2017 11:48 a.m. share »
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Loan Delinquency Forces Park Hyatt Aviara Resort Back into Special Servicing

Ownership of the Park Hyatt Aviara Resort in Carlsbad has been transferred to a special-servicing entity for at least the second time in recent years, due to loan delinquency issues encountered by its owners. The property at 7100 Aviara Resort Drive remains open for business.

By Lou Hirsh June 15, 2017 2:14 p.m. share »

Credit Union Leasing of America Acquired by L.A. Firm

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

By Sarah de Crescenzo June 15, 2017 2:06 p.m. share »
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Proposed Bank Hires Executive Team With Hyper-Local Clout

The president of one of San Diego’s oldest breweries has assembled an executive team of some of the most recognizable names in San Diego’s banking industry, including three people who have previously co-founded new banks, to lead Endeavor Bank, the financial institution he anticipates launching by year’s end.

By Sarah de Crescenzo June 15, 2017 1:48 p.m. share »

Guild Mortgage Reports $3.1B in Loan Volume in Q1 2017

San Diego-based independent mortgage lender Guild Mortgage reached $3.1 billion in loan volume in the first quarter of 2017, up 14.8 percent from $2.7 billion in the same quarter in 2016, the company announced Tuesday.

By Sarah de Crescenzo June 13, 2017 3:30 p.m. share »

Elevate Credit Doubles Size of Analytics Center With Move

Elevate Credit Inc., a Texas-based company that lends online to riskier borrowers, announced Monday it has relocated its analytics center in Solana Beach to an office twice the size in the Del Mar Heights/Carmel Valley area.

By Sarah de Crescenzo June 12, 2017 2:50 p.m. share »
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VCs Hot on the Trail Of ‘Cool Companies’

Venture capitalists from Silicon Valley and other startup hubs are starting to keep closer tabs on the tech scene in San Diego.

By Brittany Meiling June 12, 2017 1:59 p.m. share »

Study: San Diego Needs 72,775 Apartments by 2030

The San Diego metro area will need 72,775 new apartments by 2030 to keep up with local demand, according to results of a new study commissioned by the National Multifamily Housing Council and the National Apartment Association.

By Lou Hirsh June 12, 2017 12:29 p.m. share »

How Does S.D. Fare in Top ‘Tech Cities’ Ranking?

When it comes to industry clout, how does the local market shape up among the nation’s biggest technology hubs?

By Lou Hirsh June 9, 2017 1:16 p.m. share »
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RFP Process is Best Approach for Stadium Site

The Qualcomm Stadium site is a unique opportunity to develop a world-class education and business innovation center. The focal point of this new development should be San Diego State University.

By Jeff Phair June 8, 2017 3:02 p.m. share »
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CCF Grant to Help Reclaim People’s Lives Through Recovery

Carlsbad Charitable Foundation, an affiliate of The San Diego Foundation, marked its 10th year of giving at its Annual Grants Awards Celebration recently at the Carlsbad Flower Fields. Since 2008, the organization has granted more than $700,000 to 44 programs, improving the quality of life in Carlsbad. This year, CCF awarded $60,000 to Interfaith Community Services to support the new Interfaith Recovery and Wellness Center in Carlsbad.

By Stephanie Glidden June 8, 2017 2:57 p.m. share »
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Calbiotech Acquired by Germany-Based Company

El Cajon diagnostics company Calbiotech has been acquired by a subsidiary of Transasia Bio-Medical Ltd, a large medtech company in Mumbai.

By Brittany Meiling June 8, 2017 2:31 p.m. share »