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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Soiling Its Reputation

ECONOMY: Sea Lion Waste Wreaks Havoc on La Jolla Cove Businesses

The Goldfish Point Café enjoys a unique location with foot traffic that most businesses would envy: The world-famous La Jolla Cove draws in tourists every day.

March Unemployment Rate for County is 5.1%

San Diego County’s unemployment rate hovered close to pre-recession levels in March, reaching 5.1 percent, down from 7.1 percent one year ago, according to preliminary data released by the state.

Local Businesses to Get Tax Credits From GO-Biz

Eighteen San Diego County businesses will receive $20.24 million in state tax credits through the governor’s Office of Business and Economic Development (GO-Biz) for creating 4,311 new jobs.

Guild Mortgage Names David Battany EVP of Capital Markets

Guild Mortgage Co., a San Diego private mortgage bank, has named David Battany as its new executive vice president of capital markets.

North County Cities Business Plan: Innovate78

ECONOMY: They Are Looking to Attract Companies, Investment

Five North County cities have launched a branding and economic development initiative to collectively promote the state Route 78 corridor and increase their capacity to retain, expand and attract talent, companies and investment.

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Blackstone Acquiring Excel Trust for $2 Billion

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

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Seacoast Names Andrews Executive VP, CAO

Seacoast Commerce Banc Holdings and its wholly owned subsidiary Seacoast Commerce Bank announced the hiring of Scott R. Andrews as the executive vice president and chief administrative officer for both the company and the bank.

Kyriba Receives $21 Million in Series C Funding

Kyriba Corp. said on April 7 that it received $21 million in series C funding.

Bank Announces Leadership Change

San Diego Private Bank announced that Thomas Wornham will become president and chief executive officer effective May 1, 2015.

Region's Economy Continues Upswing, USD Index Shows

The University of San Diego economic index rose for the ninth straight month in February, with six out of six components advancing for the second month in a row.

IPOs Down Significantly for Q1 2015

The number of initial public offerings (IPOs) in the first quarter of 2015 dropped significantly from the same period a year ago, according to reports from the accounting firm Ernst & Young and fund manager Renaissance Capital.

Black Mountain Systems Acquired by Stone Point Capital

Black Mountain Systems, a San Diego-based software company that caters to asset managers and financial institutions, has been acquired by Stone Point Capital, a private equity firm.

Seacoast Commerce Banc Holdings Completes Loan Transaction for $7M

Seacoast Commerce Banc Holdings, a bank holding company for Seacoast Commerce Bank, announced the completion and funding of a bank holding company loan provided by Dallas-based NexBank SSB, in the amount of $7 million.

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Small Business Lender Is on Big Growth Trajectory

LENDING: Company Looks to Expand into Midmarket Segment

When banks retreated from making small business loans during the depths of the Great Recession, Dave Gilbert saw a huge opportunity.