San Diego Business Journal

SD FINANCE

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

San Diego's Economic Indicators Up Again in March

San Diego’s economic barometer rose again in March.

Quidel Reports Revenue Up 31% in Q1

Quidel Corp. reported strong financial results for the first quarter of 2015 with revenue up 31 percent, according to a recent earnings statement.

Pfenex Inc. Announces Price of Follow-On Offering

San Diego-based Pfenex Inc. announced the pricing of its follow-on public offering of 6,000,000 shares of its common stock at a price to the public of $15.50 per share.

Maxwell Technologies Stock Dipped on the Day After the Announcement of $10M Follow-On Offering

Shares of Maxwell Technologies fell almost 12 percent on April 24, the day after the company announced it planned to sell $10 million in stock in a follow-on offering.

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EARNING POWER

ECONOMY: Key Sectors Provide Pay And Progress for S.D.

The region’s life science and technology industries are continuing to see sustained growth, according to a recent jobs report.

Chula Vista Gets Help Telling Story of Its Planned Development

ECONOMY: Consultants Guide Quest for University And Innovation District

No schools are yet on board, but Chula Vista is counting on an improving economy and a proposed University and Innovation District to bring a long-sought educational campus and related research-focused business activity to the city.

18 Local Businesses to Share $20.24M in Credits

ECONOMY: GO-Biz Incentives Awarded for Creation of 4,311 Jobs

Eighteen San Diego County businesses will receive $20.24 million in state tax credits through the governor’s Office of Business and Economic Development (GO-Biz) in return for creating 4,311 new jobs.

Mission Federal Credit Union to Celebrate Opening of New Eastlake Branch

Mission Federal Credit Union, the second-largest credit union in San Diego as measured by assets, plans to celebrate the opening of its new Eastlake Branch on Saturday, May 9, from 9 a.m. to 1 p.m., 884 Eastlake Parkway, Chula Vista.

Pico Digital Acquiring Key Assets of International Datacasting

San Diego-based Pico Digital Inc., a provider of multimedia delivery solutions to customers in the broadcast, cable, satellite, and broadband markets, announced it has entered into an agreement to acquire the broadcast products business from International Datacasting Corp., a technology provider for the broadcasters in radio, television, data and digital cinema.

Turtle Beach Issues $5M Subordinated Note to Its Controlling Shareholder

Headphone and headset maker Turtle Beach Corp. said on April 23 that it issued a $5 million subordinated note to its controlling shareholder, SG VTB Holdings LLC, an affiliate of Stripes Group LLC.

Grandpoint Bank Gets 5-Star Superior Rating from Agency

Grandpoint Bank and its three divisions, including La Jolla-based Regents Bank, received a 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial based on Dec. 31, 2014, financial data.

Seacoast Commerce Reports Q1 Net Income of $1.3 Million

Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, reported 2015 first-quarter net income of $1.3 million, compared to net income of $2 million for the same quarter in 2014.

S.D.’s Ranking as Tech Talent Market Shows Strengths, Flaws

ECONOMY: Growing Millennial Population Could Be Key Resource

San Diego ranks 17th in the nation among major markets for its ability to attract and grow technology-focused employment talent, according to a new report from commercial brokerage company CBRE Group Inc. The report says tech industry clustering remains the biggest driver of office space demand in the U.S. and the local region.

Banking Veteran Scott Andrews Joins Seacoast

finance: Former CEO Joins Seacoast As VP and CAO

Seacoast Commerce Banc Holdings and its wholly owned subsidiary Seacoast Commerce Bank announced the hiring of Scott R. Andrews as the executive vice president and chief administrative officer for both the company and the bank.

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Soiling Its Reputation

ECONOMY: Sea Lion Waste Wreaks Havoc on La Jolla Cove Businesses

The Goldfish Point Café enjoys a unique location with foot traffic that most businesses would envy: The world-famous La Jolla Cove draws in tourists every day.