San Diego Business Journal

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SDG&E Proposes 90,000 Electric Charging Stations

San Diego Gas & Electric announced it has filed proposals with the California Public Utilities Commission to install tens of thousands of electric charging stations in an effort to contribute to a state-mandated reduction of carbon emissions.

Venture Capital Investing Returned to Norm in 2016, Expert Says

As venture capital funding fell nationally in 2016, so did the investments in San Diego, shrinking from $1.49 billion in 2015 to $1.07 billion. Experts say the fallback is simply a reversion to the mean after a blockbuster 2015.

Kestra Private Wealth Services Recruits Two New Firms

San Diego-based registered investment advisor Kestra Private Wealth Services LLC announced January 20 the addition of Intrinsic Mutual Advisors and Stone Beacon Capital, two new firms led by former wirehouse advisors with a combined total of $240 million in assets.

Debt Collector Encore Makes Gains in Reducing Complaints

FINANCE: Co. Is Still One of Top Complained About Collectors in Q3

In September 2015, debt buyer and collector Encore Capital Group was hit with $52 million in refunds and penalties by the Consumer Financial Protection Bureau for allegedly using deceptive tactics to collect debts they had failed to properly verify.

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Credit Unions Make Record Gains in a Number of Categories

FINANCE: Membership Mark Passes One Million; More Than $15.1B Deposited

For the first time, membership in locally headquartered credit unions has passed the one million mark.

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Credit Unions Give Tech Tools a Chance

Members Increasingly Embrace Technology; Institutions Evaluate What Else to Offer

California Coast Credit Union’s website highlights its “personalized caring attention.”

Seacoast Commerce Bank Posts 26th Consecutive Quarterly Profit

San Diego-based Seacoast Commerce Bank earned $6.9 million in net income in 2016, a 19.6 percent increase over the $5.8 million it earned in 2015.

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Roger M. Laverty Named President of Grandpoint Bank

Grandpoint Bank, of which La Jolla-based Regents Bank is a division, has named Roger M. Laverty as president.

San Diego Startup SparkFin Inc. Acquired by StockTwits

San Diego-based fintech startup SparkFin Inc., a mobile app that organizes stocks into lists, has been acquired by StockTwits Inc., the largest social platform for investors and traders.

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Laura Farmer Sherman Leaving Susan G. Komen

Laura Farmer Sherman, president and CEO of Susan G. Komen San Diego, plans to retire at the end of 2017, the organization announced Tuesday.

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