SD FINANCE

Executive Q&A Tom Wornham, San Diego Private Bank

Tom Wornham spent more than 30 years working at Wells Fargo, where he supervised thousands of employees.

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Women Founders: How To Get Men to Relate

FINANCE: Dearth of VC Due in Part to Lack of Understanding Products

There’s a clear and well-documented gender gap when it comes to scoring startup capital from investors. Women entrepreneurs receive less cash (less often) than men.

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Two Venture Capitalists Named to Sirenas Board

Sirenas LLC, which uses deep data mining to advance drug discovery, has appointed two directors with venture capital experience to its board.

American Medical Response to Be Acquired in $2.4 Billion Deal

American Medical Response, or AMR, which provides ambulance services in San Diego and across the country, will be acquired under a $2.4 billion cash deal announced Tuesday.

EvoNexus’ Downtown Exit May Hurt and Help

STARTUPS: Incubator’s Benefit Is Hit to Tech Hub

EvoNexus, the oldest and most well-known startup incubator in San Diego, is closing its downtown location and consolidating into a new facility in University Town Center.

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Encore Capital Reports Q2 Net Income of $20.3 Million

Encore Capital Group, the San Diego-based buyer of defaulted credit card debt, reported net income of about $20.3 million on revenues of $290.9 million in the second quarter of 2017.

Perpetual Capital, CR3 Capital Acquire Garden Fresh Restaurants

San Diego-based restaurant chain Garden Fresh Restaurants Corp., parent of Souplantation and Sweet Tomatoes, has been acquired by Perpetual Capital Partners and CR3 Capital, an investment affiliate of CR3 Partners LLC.

CUSO, Sorrento Pacific Selling to Private-Equity-Backed New York Co.

San Diego-based sister companies CUSO Financial Services LP (CFS) and Sorrento Pacific Financial (SPF) have agreed to be acquired by a newly formed New York-based holding company, Atria Wealth Solutions.

Airport Completes $291M Sale of Revenue Bonds

Operators of San Diego International Airport recently completed a sale of more than $291 million in revenue bonds, at an interest rate that is the lowest earned in the airport’s history, at 3.74 percent.

Microlender Accion's Loan Portfolio Reaches $5.8 Million in 2016

The loans disbursed in 2016 by nonprofit San Diego-based microlender Accion helped maintain or generate 730 jobs, the organization said in its recently published annual report.

Beverly Hills Home to San Diego Private Bank's 5th Branch

San Diego Private Bank opened its fifth branch July 31 in Beverly Hills.

Private Bancorp Opens Beverly Hills Office

Just over a decade after San Diego Private Bank was founded, its La Jolla-based parent company Private Bancorp of America Inc. (PBAM) has debuted a new location.

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Two Groups, One Pitch

Two powerhouse startup groups are ditching solo acts and teaming together for the first time to put on a pitch competition with more cash and (it is hoped) a bigger audience.

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Innovation Economy Making Solid Progress

San Diego’s innovation economy is slowly picking up steam, with more startups popping up and more capital streaming in to fund them.

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Keep Freedom in Landlord-Tenant Representation

Earlier this year, Hughes Marino, a tenant rep brokerage firm based in San Diego, sponsored California Assembly Bill 1059. If enacted, that bill would have outlawed dual agency in all commercial, industrial and retail transactions. Fortunately, serious reservations by several judiciary committee members, both Democrat and Republican, derailed the bill for this year’s session. However, Hughes Marino will likely make a similar attempt in the future, most likely during the 2018 session.

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