San Diego Business Journal


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

PICO Holdings Reports Q1 Net Loss of $16.8 Million

PICO Holdings Inc., a diversified holding company based in La Jolla, reported a first quarter net loss of $16.8 million on revenue of $84.7 million. The same quarter last year produced a net loss of $13.2 million on revenue of $61.3 million.

San Diego County Credit Union Reports $6.9B in Assets

San Diego County Credit Union’s total assets grew to $6.9 billion in the quarter ending March 31, a 6 percent increase from the same period last year, the credit union said Thursday in its earnings report.

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Local Investment Firm Buys 12 Apartment Properties from Blackstone Group

Strata Equity Group Inc. of San Diego has purchased a 12-property, three-state apartment portfolio from an affiliate of New York-based Blackstone Group, after obtaining approximately $494.8 million in acquisition financing.

Moody's Gives Qualcomm's Proposed Bond Issue Top Rating

Moody’s Investors Service said that it assigned one of its top ratings to Qualcomm Inc.’s proposed bond issue.

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Alan Clopine Promoted to CEO at Pure Financial

Pure Financial Advisors Inc., a Mission Valley-based investment managing firm, promoted its CFO and tax planning director Alan Clopine on Tuesday to CEO. The company's founder and current CEO Michael Fenison will step away from most executive responsibilities to work on the firm’s expansion efforts.

15 Companies That Are No Longer Public

(** Numbers indicate the company’s ranking, based on revenue, in the San Diego Business Journal’s 2005 list of the top public companies)

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Changing Landscape

Public Cos. Love Us, But Some Still Leave Us

Jack in the Box Inc. began selling hamburgers at a single restaurant on El Cajon Boulevard when Harry Truman was president.

Silvergate Bank Reports Q1 Net Income of $1.2M

FINANCE: CEO Touts Strong Growth In Residential Lending

La Jolla-based Silvergate Bank reported first quarter net income of $1.2 million, up from the $943,000 announced during the like quarter last year.

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Going Public Is Part of the Formula for Success in Life Sciences

FINANCE: End Goal Often Is to Be Bought By Big Pharma

Companies go public for a variety of reasons, the most obvious of which is the need for additional capital.

The Ten With Staying Power

These Companies Remain Stalwarts in the San Diego Economy

May 10 Is Deadline for Startups to Apply for Plug and Play Accelerator

Startup businesses — specifically technology startups — who want to apply to the next class in San Diego’s Plug and Play accelerator have a May 10 deadline to do so.

Encore Capital Announces $29.4M in Q1 Net Income

Encore Capital Group, the San Diego-based buyer of defaulted credit card debt, reported record collections and cash flow on Thursday, resulting in first quarter net income of $29.4 million, compared with $23.2 million in the same period last year.

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Silvergate Bank Reports Q1 Net Income of $1.2 million

La Jolla-based Silvergate Bank reported first quarter net income of $1.2 million, up from the $943,000 announced during the like quarter last year.

Two Firms Complete Merger, Adopt New Name

The merger between a local firm offering marketing advice to investment advisors and a Kansas consulting company targeting the same clients is now complete, and the new San Diego-based company will be known as Kaleido Inc.

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ATyr Pharma Plans to Raise Approximately $76M in IPO

ATyr Pharma Inc. is planning to raise approximately $76 million in an IPO May 7th.