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Costa Mesa-based Pacific Mercantile Bancorp swung to a profit in the fourth quarter, logging $390,000 in net income compared with a loss of $14.8 million in the year-earlier period.
Orange County businesses added 33,500 jobs in 2014, up 2.3% to 1,515,300 jobs.
Costa Mesa-based El Pollo Loco Holdings Inc. has been mentioned as a possible takeover target after news reports that a Philippines-based restaurant company is shopping for a U.S.-based regional fast food chain worth at least $1 billion.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue and adjusted profits for the December quarter in line with Wall Street with estimates but provided a sales outlook for the current quarter below Wall Street expectations.
The parent of City National Bank has been acquired by Royal Bank of Canada for $5.4 billion.
Irvine-based Opus Bank has agreed to pay $25 million for Commerce Escrow Co. and its affiliate business RPM Investments Inc.
Janus Capital Group Inc. Chief Executive Dick Weil confirmed that Bill Gross has put more than $700 million of his own money into the Janus Unconstrained Bond Fund, which Gross manages.
Lake Forest-based Del Taco LLC said it will begin franchising in New Jersey, its first restaurants in the Northeast U.S.
Irvine-based California First National Bancorp posted $3.6 million in profit for the three months ended Dec. 31, up 63% from the same period a year ago.
Shares of Acacia Research Corp. dipped sharply after the company received an unfavorable ruling on patent infringement claims it made against some large technology companies.
Irvine-based Pacific Premier Bank had $16.6 million in net income last year, an 85% increase from 2013.
Newport Beach-based Alliant Insurance Services Inc. has agreed to pay about $300 million to acquire QBE US Agencies, the U.S. operations of Sydney, Australia-based QBE Insurance Group Ltd.
San Clemente-based automotive customer service firm DealerSocket Inc. has acquired DealerFire, a web design and digital marketing firm in Oshkosh, Wis.
Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.
Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.
What does St. Margaret’s Episcopal School have in common with UCI, USC, MIT and Portland State University?
REAL ESTATE: 2 buildings, 150,000 SF on 10 acres
The local office of Dallas-based Lincoln Properties Corp. has bought the largest office property in Los Alamitos.
FOOD: Buys XS Energy to draw young entrepreneurs
A Laguna Beach-based energy drink maker with $150 million in sales was sold Jan. 9 to Ada, Mich.-based Amway Corp., its exclusive distributor, the two companies said.
HEALTHCARE: 2nd edition of concept at Jamboree Center
St. Joseph Hoag Health has laid another building block for the integrated regional care delivery it is establishing in Orange County.
Irvine-based Plaza Bank agreed to acquire Bank of Manhattan in El Segundo in a deal valued at about $52 million.
Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.
CALL FOR ENTRIES: Website set to take entries until March 20
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17 $4M-and-Up Homes Sell in Month on OC Coast
Seventeen homes in coastal Orange County closed for $4 million or more between Dec. 1 and the week ending Jan. 8, according to public records and the Redfin website.
U. of Oregon Partnership Helps Teach Engineers
Irvine-based Edwards Lifesciences Corp., maker of replacement heart valves and other cardiovascular devices, is working with the Oregon Health & Science University in Portland, Ore., on a technical training program.
The Orange County retail market continued to improve in the third quarter as demand increased.