SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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.
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.
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.
On its first day of trading on the Nasdaq, shares for Tandem Diabetes Care Inc. soared 28 percent — or $4.26 — closing day trading at $19.26.
SR Commercial of Solana Beach has acquired two local office and industrial properties, for a total of $8.5 million.
San Diego-based Celladon Corp. has chosen to postpone its $75 million initial public offering, citing poor market conditions, according to equity research firm Renaissance Capital.
San Diego-based Sorrento Therapeutics announced it is acquiring Concortis BioSystems, a San Diego biotech, in a deal worth about $12 million.
San Diego-based Tandem Diabetes Care Inc. has upped the ante of its previously announced initial public offering, increasing the targeted goal from $100 million to $120 million.
San Diego-based developer OliverMcMillan plans to break ground Nov. 20 on a 388-unit, mixed-use condominium tower in Honolulu.
The median price for houses sold in San Diego County in October was $412,750, down 2 percent from September’s median, but up 17.9 percent from October 2012, according to the latest Dataquick market report.
Real estate services provider Trigild has named Judy Hoffman as president of the San Diego-based company.
Shares for San Diego’s Arena Pharmaceuticals Inc. continue to rise following its Nov. 7 announcement that it will expand its partnership with Japanese drugmaker Eisai Co. to market the anti-obesity medication Belviq.
Local franchisee Paul Martinez recently opened his second East County Baskin-Robbins ice cream location, with a third planned as a part of a new store development agreement announced by Massachusetts-based Baskin-Robbins.
Shares for San Diego’s Arena Pharmaceuticals Inc. rose 17 percent following news that it will expand its partnership with Japanese drugmaker Eisai Co. to market its weight loss pill Belviq.
The median price for a single family house sold in October in San Diego County was $475,000, a 2 percent drop from September, but 19 percent above the median price for October 2012, according to the latest report from the Greater San Diego Association of Realtors.