San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Sharp, SuperFood Make Nutrition a Priority in Food Drive

SuperFood Drive, a San Diego-based nonprofit, announced a partnership with Sharp HealthCare to emphasize the importance of giving nutritious, sustaining foods to the county’s food insecure. Sharp HealthCare has supported the San Diego Food Bank through holiday food drives for many years. This year, Sharp decided to take it a step further by encouraging nonperishable food donations which are not just filling but also highly nutritious.

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Fiduciary Rule Debate Shed Light on Advisory Practices

FINANCE: Regulation’s Implementation Could Be Delayed or Even Scrapped

Even if the Trump administration rescinds the U.S. Department of Labor’s proposal to require advisers providing retirement investment advice to avoid conflicts of interest, such as receiving commissions based on their recommendations, at least it will have made more potential clients familiar with the term “fiduciary.”

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Plasso Builds Support For Booming SaaS Economy

Software-as-a-service is a phrase you’re probably tired of hearing, along with its ubiquitous acronym SaaS.

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Startup Leaders Balk at Immigration Ban, Write Open Letter

Startup leaders in San Diego have published an open letter expressing concerns about President Donald Trump’s immigration ban and its potential impact on the local startup economy.

Sanborn Appointed to Fed's Advisory Council

The Federal Reserve Bank of San Francisco announced that it has appointed Richard M. Sanborn, president and CEO of San Diego's Seacoast Commerce Bank, to the Twelfth District’s Community Depository Institutions Advisory Council.

Local Economic Index Makes Big Gain in December

Broad gains across an array of local and national factors in December pushed the University of San Diego Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators to its highest level since August 2006.

Move Downtown Gives Fident Capital Room to Grow

San Diego-based real estate investment bank Fident Capital has relocated from La Jolla to a larger office in downtown San Diego.

Civic San Diego Awards $250,000 to Mircolender Accion

Nonprofit microlender Accion San Diego has been awarded $250,000 by Civic San Diego, a nonprofit public benefit corporation created by the city of San Diego.

Owners of San Marcos Retail Center Obtain $92M Refinancing

Owners of the Grand Plaza retail center in San Marcos have obtained $92 million in refinancing, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

Neighborhood Bancorp Completes Recapitalization Agreement

San Diego-based Neighborhood Bancorp, parent of Neighborhood National Bank, has completed the recapitalization agreement announced in late 2016.

Renovate America Completes $100 Million Credit Facility

San Diego-based Renovate America has completed a $100 million credit facility with Credit Suisse, the company announced this week.

Silvergate Records 19th Consecutive Year of Profitability

La Jolla-based Silvergate Bank reported fourth-quarter net income of $2.4 million, up 41 percent from $1.7 million in the final quarter of 2015.

Vividion Therapeutics Raises $50 Million

Local biopharmaceutical company Vividion Therapeutics has raised $50 million in a Series A funding round. The funding was led by two top-tier venture capital firms, ARCH Venture Partners and Versant Ventures, and also included Cardinal Partners.

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Community Effort Puts a Lot of Food on San Diego Tables

Feeding San Diego announced that it raised more $700,371, equating to 2,801,000 meals, in partnership with ABC10, sister station Azteca San Diego 15 and Live Well San Diego during the fourth annual Month of a Million Meals campaign. Exceeding the original goal by more than 1,800,000 meals, the 2016 holiday push included a live telethon and support from several local celebrities. San Diegans donated food, time and funds to support the 1 in 8 San Diegans, including 1 in 5 children, struggling with hunger.

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Flavio Olivieri Named Executive Director of Cali-Baja Association

Digital health executive Flavio Olivieri has been appointed executive director of the Cali-Baja Binational Mega-Region Association, a coalition of businesses and government agencies promoting economic development on both sides of the U.S.-Mexican border.