San Diego Business Journal


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

Silvergate Bank Reports Q4 Net Income of $1.68 Million

La Jolla-based Silvergate Bank announced net income of $1.68 million for the quarter ended Dec. 31, 2014, compared with $1.27 million for the like quarter of the previous year.

By Steve Adamek February 25, 2015 2:14 p.m.   Share

Vibra Earns a Top Ranking for Its SBA Lending in Local District

Vibra Bank said that it has been recognized as the No.1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

LPL Financial Appoints Dan Arnold President

LPL Financial LLC, a custodian for registered investment advisors, and a wholly owned subsidiary of LPL Financial Holdings Inc., announced that it has named current chief financial officer Dan Arnold to the role of president effective March 13.

Two Local Farmers Insurance Agencies Merge

Marie Milliman Farmers Insurance announced its merger with Keith Roby Farmers Insurance.

Hot Tub Maker Watkins Acquires Endless Pools

Vista-based Watkins Manufacturing Corp., the world’s largest manufacturer of hot tubs, has acquired Endless Pools Inc. through its parent company, Masco Corp.

California Economic Activity Index Makes Gains

Comerica Bank’s California Economic Activity Index grew in December, climbing 1.6 percentage points to a level of 118.3. December’s reading is 34 points, or 41 percent, above the index cyclical low of 83.8.

Report: Venture Capitalists Invested $470M in 53 Deals in First Half of 2014

A new report from CONNECT, the San Diego technology accelerator, said venture capitalists invested $470 million in 53 deals in San Diego during the first half of 2014.

Shareholders Approve Merger of Vibra and Pacific Commerce Bank

Vibra Bank’s and Pacific Commerce Bank’s shareholders separately approved the proposed merger of the two banks first announced in October of 2014.

XIFIN Names James C. Malone Its New CFO

XIFIN Inc., a San Diego-based software and services company dedicated to optimizing the economics of health care, has named James C. Malone as its new chief financial officer.

BofI Holding Announces $50 Million At-the-Market Common Stock Offering

San Diego-based BofI Holding Inc., parent company of BofI Federal Bank, announced the completion of its $50 million at-the-market common stock offering commenced in July 2014 and the initiation of a new $50 million at-the-market common stock offering through the filing of a prospectus supplement with the SEC under BOFI's effective shelf registration statement filed on Feb. 19.

Executive Q&A: Tory Nixon of California Bank & Trust

Tory Nixon is executive vice president of California Bank & Trust and heads the San Diego and Northern California divisions of the bank.

Banking on Confidence

Improving Economy Prompts Companies to Expand, Build or Buy

San Diego County banks are eagerly looking for borrowers in what’s become a highly competitive market.

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Give the Change Makes it Easy to Be a Philanthropist

TRANSACTIONS: Debit Card Allows Consumers to Donate Change to Charity

The goal of Give the Change, a San Diego cause-based company, is to make charitable giving simple and convenient through the use of debit cards.

Cupio: Saving Endangered Rainforests One Square Meter at a Time

GREEN: Program Develops Bonds Between Consumers, Businesses

Solana Beach-based Cupio enables consumers to buy products that fund the preservation of endangered rainforest and then go online to locate the land they’ve helped to preserve.

Accretive of San Diego: Corporate Savings Go to Nonprofits

FINANCE: Corporations Cut Expenses, Share Money with Charities

Working in partnership with nonprofit organizations, Accretive of San Diego helps corporations find ways to save money and channel a portion of the savings to charitable causes.