SD FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...Defense Cuts Seen Hurting an Already Lagging Local Economy
San Diego’s economy is still in the doldrums and shows little signs of regaining its former energy, says the latest report from the National University System Institute for Policy Research.
Adamis Pharmaceuticals files for $25 million secondary offering
Adamis Pharmaceuticals Corp., a San Diego company developing treatments for asthma, has filed for a $25 million secondary public offering.
Jack in the Box Posts $22.8 Million Fourth-Quarter Profit
Jack in the Box Inc. reported net income of $22.8 million for its fiscal 2013 fourth quarter, nearly double the $12.5 million in net profit for the like quarter of fiscal 2012.
Bond Deal for Poseidon Desalination Plant Deemed Among Year's Best
The $1 billion Carlsbad desalination project was recently named by the Bond Buyer as a Deal of the Year Finalist for the complex and innovative project financing.
Guild Mortgage Continues S.C. Expansion Strategy
Guild Mortgage Co., the San Diego mortgage bank that started here in 1960, continued opening new offices around the country, including eight in South Carolina since mid-2012.
CareFusion Buying Vital Signs for $500 Million
San Diego-based CareFusion Corp. said it will acquire Vital Signs, a division of GE Healthcare, for $500 million as CareFusion moves to increase its respiratory care and anesthesiology businesses.
Deal Gives Cal Coast Credit Union Naming Rights for SDSU’s Open Air Theatre
California Coast Credit Union signed a 10-year, $3.25 million naming rights agreement with San Diego State University for its Open Air Theatre.
Local Startups Receive Angel Support
Tech Coast Angels, a group of private investors with a chapter in San Diego, said it recently invested about $1 million in two local startups, SeniorQuote Insurance Services and Rock My World.
Fitch Downgrades San Ysidro School District Bonds
Fitch Downgraded some $82 million in San Ysidro School District general obligation bonds — series B, C, D, E and F — to BB+ from BBB+.
Silvergate Launches Mobile App for Banking Services
Silvergate Bank, based in University Towne Center and with about $600 million in assets, launched a mobile banking application that gives customers instant access to their accounts and the ability to make deposits via smartphones and wireless devices.
Illumina's 13.5% Stake in Oxford Nanopore Technologies Is Sold
San Diego-based Illumina Inc.’s 13.5 percent stake in its rival Oxford Nanopore Technologies Ltd. has been sold to other investors.
PitchFest Top 10 To Make Startups A Spectator Sport
SDBJ Insider
The San Diego Venture Group released the names of the 10 startups that will battle for $25,000 in cash at its annual PitchFest set for Dec. 12 in La Jolla. The semifinalists were chosen from more than 90 applications.
Ketema Federal Credit Union to Join with California Coast Credit
FINANCE: Firm’s 429 Members to Vote On Proposed Merger
Ketema Federal Credit Union, one of the smallest in the county with about $1.3 million in assets, obtained preliminary approval from federal and state regulators to merge with California Coast Credit Union, San Diego’s third largest.
Hearings on Merger Sought; Community Reinvestment an Issue
Finance Column
A group of community organizations, led by the California Reinvestment Coalition, is asking bank regulators to take a closer look and hold public hearings on PacWest Bancorp’s proposed acquisition of CapitalSource Inc., parent of CapitalSource Bank.
Country Music Star Shares Life Story to Promote Foster Care
Kudos/Giving Column
Walden Family Services, a nonprofit foster care and adoption agency, recently held its 10th annual Wine D’Vine Gala fundraising event, which raised nearly $300K to further the organization’s mission of providing care and support to foster children and families.
