San Diego Business Journal

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

Local Angels Shore Up Risk With These Strategies

STARTUPS: Investors Share Advice on Maximizing GambleLike amateur traders in the stock market (expecting to win big on the next unicorn), nascent investors often imagine that angel investing will be their lottery ticket to wealth.

By Brittany Meiling February 16, 2017 2:10 p.m.   $$ Share

San Diego Businesses Gaining Confidence, Survey Shows

San Diego businesses kicked off 2017 on a positive note, according to an update by the San Diego Regional Chamber of Commerce.

Positive Responses Push Business Outlook Index Up

San Diego businesses kicked off 2017 on a positive note, according to an update by the San Diego Regional Chamber of Commerce.

BofI Federal Bank Elects Grinberg Chairman of the Board

BofI Federal Bank, the San Diego-based online-only bank, announced Feb. 16 that Paul Grinberg has been elected chairman of the company's board of directors.

Cohu Inc. Reports Net Income of $3 Million for the Year

Poway-based Cohu Inc., which makes automated testing machinery that lets semiconductor manufacturers test their finished products, reported fourth quarter net income of $2.1 million on net sales of $70.7 million.

A Pending Deal Will Determine Strength of Local M&A Activity for 2016

The value of mergers and acquisition transactions in San Diego in 2016 grew 157 percent over the prior year — but 88 percent of the total deal value, $54.06 billion, was attributable to one agreement: Qualcomm’s decision to buy NXP Semiconductors N.V. for $47.6 billion.

Funding Strategy Brings Potential $10M to Dermata

Local biotech Dermata Therapeutics LLC is bringing in $10 million to fuel the development of its dermatological products, the company announced Feb. 16.

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Healthcare District Grant Promotes Outreach to Refugees

The Grossmont Healthcare District has awarded a $10,000 grant to License to Freedom, an El Cajon-based nonprofit that assists Middle Eastern refugees and immigrants with cultural assimilation and health education.

HCAP Partners Invests in Oakland Distributor

Private equity firm HCAP Partners has completed an undisclosed mezzanine debt investment in Progistics Distribution Inc., a company specializing in “last mile” delivery.

Dauntless Enters the Clinic With Extra $25 Million

Dauntless Pharmaceuticals, a San Diego biotech with an innovative business model, scored an additional $25 million to enter the clinic with its first investigational drug.

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Software Startup Partners With Samsung

Software startup Urban Translations has scored a partnership with Samsung Electronics that could set the San Diego company on a path for growth.

S.D. Small Businesses Generally Bullish on Economy, Survey Finds

More than half of the small business owners in San Diego who participated in Union Bank’s Small Business Economic Survey believe the national economy, the local economy and the country as a whole are headed in the right direction.

City Signs Economic Agreement With French Province

San Diego has reached an agreement to cooperate economically with the southern French province of Provence-Alpes-Côte d’Azur.

Seacoast Plans to Hold More SBA Loans to Boost Long-Term Value

Seacoast Commerce Banc Holdings, parent company of Seacoast Commerce Bank, plans to decrease its sales of Small Business Administration loans, a move that will reduce earnings but set the stage for greater long-term shareholder value, the company said Wednesday.

San Diego’s Second-Oldest Credit Union Names New CEO

San Diego Metropolitan Credit Union announced Tuesday that Lisa Paul-Hill will succeed retiring president and CEO Stan Abrams as head of the financial institution.