San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Awards Honor Those Who Change Kids’ Lives Through Literacy

Traveling Stories and title sponsor Humble Bundle Inc. hosted the inaugural Red Balloon Awards dinner and gala in conjunction with National Literacy Month held recently at the San Diego Woman’s Club.

Startup LeadCrunch Raises $500,000 Through CONNECT Program

Local software startup LeadCrunch has landed $500,000 in funding through CONNECT’s Capital Match program.

Mission Federal Credit Union Reaches Milestone: $3 Billion in Assets

Mission Federal Credit Union announced Wednesday it now manages more than $3 billion in assets.

North Carolina Co. Acquires Vista-Based Glacier Water Services for $263M

Glacier Water Services Inc., a Vista-based operator of self-service drinking water dispensers, will be acquired by a North Carolina competitor for $263 million in cash and stock, the companies announced Oct. 10.

CEO Confidence Edges Up But Remains Below Last Year, Vistage Survey Finds

CEOs of small and medium-sized businesses are feeling more confident about the economy and their companies, according to the third quarter 2016 Vistage CEO Confidence Index Survey.

Parking-Focused Investment Trusts Obtain $30M Credit Facility

San Diego-headquartered MVP REIT Inc. and MVP REIT II Inc. have entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility, with expansion options to increase the amount up to $100 million.

Local Biotech Kurin Inc. Raises $2.3 Million in Equity Funding

Local biotech Kurin Inc. has reported raising $2.3 million in an equity offering launched Sept. 23.

Credit Union Leasing of America Surpasses 100,000 Leases

San Diego-based Credit Union Leasing of America said Wednesday it had broken an industry record by originating more than 100,000 leases.

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Realty Income Announces $600M Senior Note Offering

Realty Income Corp. has commenced a $600 million offering of senior unsecured notes, expected to close on Oct. 12, the San Diego-based company announced.

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Family’s Generous Role in Supporting Scripps Honored at Event

The 48th annual Scripps Clinic Golf Invitational and Special Celebration honoring local philanthropists Eileen and John “Jack” Anderson IV raised more than $1.2 million.

$60 Billion Tailwind

Startups Look to Enter Lucrative Pet Market By Serving Pet Parents and Their ‘Best Friends’

We’d like to introduce you to four startups. They don’t dabble in drug development, drones or dark matter. Their passion is a bit more, furry, you could say. Think dogs and cats.

Chargers Study: New Facility Would Generate $400M Annually

A presentation on Tuesday of a San Diego Chargers-funded economic impact study contends that the $1.8 billion stadium with convention facilities will create nearly $400 million in annual regional economic impact.

Accion Receives $1 Million Federal Grant

San Diego-based nonprofit microlender Accion has been awarded a $1 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund – the largest grant in the organization's 22-year history.

CDC Small Business Finance to Receive Grant From MUFG Union Bank Foundation

CDC Small Business Finance, the San Diego-based not-for-profit lender, has received a $150,000 grant from the MUFG Union Bank Foundation to provide advising services to small businesses.

California Association of Realtors Offers Predictions for 2017 Housing Market

Despite a shortage of homes for sale and mounting affordability concerns, California’s housing market will rebound slightly from 2016’s dip in sales activity to post a nominal increase in volume next year, the California Association of Realtors predicted in a report issued Sept. 29.