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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Benefunder Gives New Direction a Try

GIVING: It’s a Selling Point For Donor-Advised Funds

When philanthropists give money to research, they don’t always feel like they’re making an impact. Money disappears into a foundation or a fund, and donors are left disconnected from how that money is being used.

PrimeLending to Pay $1.6 Million to Settle Overcharge Allegations

PrimeLending, a Dallas-based non-bank residential mortgage lender and servicer with branches in San Diego and other California cities, will pay more than $1.6 million to settle allegations it overcharged hundreds of California borrowers for interest.

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Gala Provides Police With Some Valuable Backup on the Beat

K9 Crimefighters were celebrated in style at the San Diego Police Foundation’s 5th Annual Gold Shield Gala, which attracted 300 community leaders to the US Grant hotel. Net proceeds were more than $280,000, including a $50,000 donation from the D.W. Hearst Jr. Foundation.

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Founder of Findables Now Searching for Interested Investors

FINANCE: Owner Seeks Non-Traditional Funds For Tracking Technology

Serial entrepreneur Arie Trouw has sold more than 100,000 wireless trackers through his latest company, which makes small, faceted colorful tabs called Finders that use Bluetooth technology to track easily lost items, such as keys.

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Different Kind Of Seed Stage

Investors and entrepreneurs are starting to see green in the legal cannabis industry, but there’s more than one way to cash in on the lucrative market. And some ventures are riskier than others.

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$25 Million Gift is SDSU’s Largest; Endows Business School

EDUCATION: Fowlers’ Matching Donation Boosts Campaign to $750M Goal

Local philanthropist and San Diego Padres Executive Chairman Ron Fowler and his wife Alexis have pledged a $25 million endowment gift to San Diego State University’s College of Business Administration. University officials said the gift is the largest in SDSU’s 119-year history.

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Luna Grill Obtains $30M in Financing for Future Growth

Operators of the San Diego-headquartered Luna Grill restaurants have secured nearly $30 million in financing, to aid its ongoing growth strategy. The fast-casual eatery has 29 current locations, with another 18 in the pipeline for 2017.

Homes Prices Edge up 5.9 Percent Since September 2015

San Diego County home prices rose half a percent in September and are expected to register nearly as big an increase (0.4 percent) in October, according to a Nov. 1 report by Irvine-based financial information provider CoreLogic Inc.

BofI Holding Reports Q1 Net Revenue of $28.9 Million

BofI Holding Inc., parent company of San Diego-based BofI Federal Bank, said net revenue for the first quarter that ended Sept. 30 was up 13.3 percent to $28.9 million compared to the same quarter last year, when money from sales totaled $25.5 million.

Economic Index Remains Relatively Flat

A local economic index remained unchanged in September, with as many positive indicators and negative ones, contributing to a flattening performance curve that was much bumpier during the last 12 months.

Third Quarter Revenue Rises 7.1 Percent at Realty Income Corp.

Total third-quarter revenue at Realty Income Corp. rose 7.1 percent from a year ago, reaching $277.2 million for the period ending Sept. 30, the San Diego-headquartered company reported.

Qualcomm Confirms $37.9 Billion Purchase of NXP Semiconductors

Confirming weeks of rumors, Qualcomm said it plans to acquire publicly traded NXP Semiconductors N.V. for $110 per share in cash, or about $37.9 billion.

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Shipyard Cos. Deliver a Cargo of Fun to Our Lady’s School

Our Lady’s School in Barrio Logan, a Jesuit educational institute, received a special delivery from San Diego’s shipbuilding and ship repair organizations recently.

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5 Tips For Fintech Entrepreneurs

…according to Kevin Dinino, president of KCD PR, a San Diego-based public relations and marketing firm that works with financial and technology clients nationwide.

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Spanos Goes for Two: He Adds Accelerator to Convadium

San Diego business accelerator CONNECT is launching a diversity-focused startup incubator and accelerator program called CONNECT ALL.