May 21, 2010
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San Diego County Credit Union, the area’s largest with about $5.8 billion in assets, reported increased loans and profits, and decreased delinquencies for 2012.
California Bank & Trust, San Diego’s largest commercial bank, saw its net profit drop 5.4 percent last year or by $7 million from 2011, mostly as a result of compressed net interest margins.
The pending sale of Coronado First Bank to Embarcadero Bank could be on the rocks or it may be on track. But in the absence of any information from the two entities, rumors have been flying.
Although the parties announced it as a merger, Embarcadero Bank is buying Coronado First Bank in a stock and cash deal that would pay Coronado First shareholders the tangible book value for each of their shares.
Banks active in making small-business loans guaranteed by the Small Business Administration were breathing a sigh of relief late last month after the U.S. House of Representatives passed a bill that will extend higher guarantees and waive fees on the loans.
It may not have the star power of the past, when the likes of Steffi Graf, Jennifer Capriati, Martina Hingis and Venus Williams drew crowds, but this year’s Mercury Insurance Open features plenty of top tennis talent.
The World Cup may be over, but San Diego soccer fans can continue the good vibrations from the monthlong tournament this week when Qualcomm Stadium hosts an international “friendly” between Mexico’s Club America and England’s Portsmouth F.C.
For a while, it almost seemed as if local fans weren’t buying into the San Diego Padres as winners. Despite the team’s surprising position in first place in its division, attendance at Petco Park lagged behind last year’s lackluster numbers.