Philanthropist T. Denny Sanford announced during a San Diego Zoo employee meeting in January that he is making a $30 million donation — the largest single gift the San Diego Zoo has ever received.
FORECAST: Tax Reform, Low Interest Rates Fuel Capital
Dr. Lynn Reaser, chief economist for Point Loma Nazarene University’s Fermanian Business & Economic Institute, delivered a local economic forecast Jan. 9 at an SDBJ event.
The bank reported merger expenses of $2 million related to its Oct. 1 acquisition of Capital Bank.
The company has hired two people to run its West Coast operations out of the Carlsbad office.
The bank's net income for the year was impacted by the tax reform bill that was signed into law in December.
A recently renovated North Park apartment complex has been sold.
Only a handful of new banks have opened in the U.S. in the past decade.
Zebit offers interest-free credit to consumers.
Rancho Bernardo-based LRAD Corp. said on Jan. 19 that it acquired software maker Genasys Holding S.L. of Madrid, Spain.
Startup San Diego’s fourth annual Convergence kicks off Jan. 23.
LumaTax, which developed software to streamline sales tax compliance for small business owners, said it has raised $3 million in a financing round led by Cowboy Ventures. Existing investors Madrona Venture Group and Greycroft Partners and new investor Vulcan Capital also participated.
Feeding San Diego announced that $1,055,634, equating to 4,222,536 meals, was raised during the fifth annual Month of a Million Meals campaign in partnership with ABC10 and Live Well San Diego.
BANKING: First S.D. Bank Opening Since Vibra in 2008
The first new San Diego-based bank in a decade has raised $26.5 million in initial capital. Endeavor Bank will be headquartered in downtown San Diego.
The S.D. lender has agreed to buy Cornerstone Mortgage Inc., of St. Louis, Missouri, in a deal expected to close March 1.
Venture-backed companies in San Diego raised more than one-third of $1 billion in the fourth quarter of 2017 and more than $1.2 billion in 2017.