San Diego Business Journal

SD FINANCE

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

Credit Union Membership Passes 1 Million Mark

Growth in credit union membership continues to break records in San Diego County, according to the latest snapshot from the California Credit Union League, an advocacy group.

By Sarah de Crescenzo April 6, 2017 2:27 p.m. share »
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Moonlight’s Supporters Show Their Appreciation for the Arts

The Moonlight Angels Auxiliary presented a check to the Moonlight Cultural Foundation for $41,597.42 as a result of the auxiliary’s fundraising efforts in 2016. The Moonlight Angels 2016 co-presidents, Barbara Meech and Becky Kwock, presented the check to Moonlight Cultural Foundation CEO Toria Watson, and 2017 Co-President Jeff Pashby, who is managing shareholder at The Lund Team Inc. The funds directly benefit Moonlight Cultural Foundation’s arts programs, including the City of Vista’s award-winning Moonlight Stage Productions and Moonlight Youth Theatre with the mission to keep theater arts thriving in Southern California.

By Stephanie Glidden April 6, 2017 2:22 p.m. share »
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Conectric Raises $716K in Seed Capital

Local cleantech startup Conectric Networks has scored $716,000 in seed funding to further develop its energy-saving software for hotels.

By Brittany Meiling April 6, 2017 1:28 p.m. share »

Credit Unions Aim to Capture Local Clout

California Coast Credit Union CEO Todd Lane knows two significant selling points for many credit unions are their small-town feel and personable approach to banking.

By Sarah de Crescenzo April 6, 2017 1:15 p.m. share »
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LoanHero Adds Talent At Executive Level

Derek Barclay wants to build San Diego’s first billion-dollar startup.

By Sarah de Crescenzo April 6, 2017 1:11 p.m. share »

Renovate America Names Paige Wisdom New CFO

San Diego-based Renovate America, which provides financing for energy-saving home improvements, said it had selected a former Freddie Mac executive, Paige Wisdom, as its new chief financial officer.

By Sarah de Crescenzo April 5, 2017 4:16 p.m. share »

Union Bank Promotes Sanfilippo to Regional Manager

Union Bank has promoted Peter Sanfilippo to oversee 13 branches in North County, the bank announced.

By Sarah de Crescenzo April 5, 2017 4:12 p.m. share »

Sempra Updates Financial Outlook

Sempra Energy reaffirmed its 2017 guidance on earnings per share, while also projecting growth of 10 percent to 11 percent, on a compound annual basis, through 2021.

By John Cox April 5, 2017 4:11 p.m. share »
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Seacoast Commerce Bank Opens Third Production Office in Texas

San Diego-based Seacoast Commerce Bank, a subsidiary of Seacoast Commerce Banc Holdings, opened a new loan production office March 27 in Austin, its third production office in Texas.

By Sarah de Crescenzo April 4, 2017 2:08 p.m. share »

BofI Stock Dips After Tabloid Asserts Federal Probe

San Diego-based BofI Holding Inc.’s stock is down nearly 9 percent over two days of trading since a New York-based tabloid published a story Friday alleging a federal money laundering probe into the company’s main subsidiary, BofI Federal Bank.

By Sarah de Crescenzo April 3, 2017 4:04 p.m. share »
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‘Screens, Genes & the Choices We Make’ Raises Funds for Komen

Susan G. Komen San Diego announced that its “Screens, Genes & the Choices We Make” symposium held recently at the San Diego Marriott Del Mar hotel raised $210,000.

By Stephanie Glidden April 3, 2017 10:15 a.m. share »
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Does Proposed Bank Have What It Takes?

New banks, like startups, are risky endeavors. But unlike startups, which try to disrupt traditional business models, banking is a well-established enterprise.

By Sarah de Crescenzo April 3, 2017 8:44 a.m. share »
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Venture Studio Model Leaves Startups Cold

There are very few venture capitalists investing in local tech startups, so when a new fund — Analytics Ventures — opened up shop in downtown San Diego, hopes were high.

By Brittany Meiling April 3, 2017 8:38 a.m. share »

LeanIn.Org Report Finds Women Paid 14% Less Than Men in San Diego

San Diego doesn’t have as far to go as the rest of the country to close the gender pay gap, according to organizers of a campaign aimed at bringing attention to pay disparities between men and women.

By John Cox April 3, 2017 8 a.m. share »
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Analytics' Entry Fizzles for Cash-Hungry Startups

There are very few venture capitalists investing in local tech startups, so when a new fund — Analytics Ventures — opened up shop in downtown San Diego, hopes were high.

By Brittany Meiling March 31, 2017 2:51 p.m. share »