Finance

Commerce National Bank Agrees to Sale

Commerce National Bank in Newport Beach agreed last week to be acquired by Spokane, Wash.-based Sterling Financial Corp.

Opus Bank in Deal for 4 CB&T Branches

Opus Bank in Irvine has agreed to acquire four branches from San Diego-based California Bank & Trust.

PHILANTHROPY

Cathedral Cash Infusion

Philanthropy Column by Kim Haman

ADDENDUM - May 6, 2013

Other news items of interest from the Orange County Business Journal

SBA Lending Up, Not Necessarily Easy

Agency Advises Owners To Do Their Homework

SPECIAL REPORT - SMALL BUSINESS: Government-backed loans increase, but they’re not necessarily easy to get

Improving Economy Increases Demand for SBA’s 504

SBA Proposal Would Streamline Loan Application Process

SPECIAL REPORT - SMALL BUSINESS: Economic recovery spurs borrowers.

Biggest SBA Lenders Give OC Borrowers $161.3M

San Diego Nonprofit Again Tops List, Despite 11% Drop in Loans

SPECIAL REPORT - SMALL BUSINESS: Biggest SBA lenders post increase. Includes the 2013 OC's BIGGEST SBA LENDERS list for download (pdf)

Greater L.A. Industrial Up, Office Ends Streak on Positive Absorption

REAL ESTATE WATCH: GREATER LOS ANGELES

Greater L.A. industrial up, office ends streak on positive absorption

CleanTech OC Makes Laguna Beach Native New Head

Banking Expert Wants Growth Through Outreach

A Laguna Beach native with a deep background in investment banking has been tapped as the new executive director of CleanTech OC, in Technology

La Habra Apartments Change Hands for $19 Million

Local Buyer Acquires 1960s Il Pompeii Complex

Il Pompeii, an apartment complex in La Habra, has changed hands for $19 million, in Real Estate

REAL ESTATE DEALS - May 6, 2013

Sales and leases of offices, industrial buildings, retail space and apartments

By the Numbers - ORANGE COUNTY SMALL BUSINESSES

There are more than 71,000 small businesses in Orange County, and they collectively employ nearly 560,000 people. Includes analysis, charts and figures.

Universal Protection Buys in NY

Santa Ana-based private security company Universal Protection Service has acquired Protection Plus Security Corp. in New York on undisclosed terms.

Commerce National Agrees to $42.9M Sale

Commerce National Bank in Newport Beach has agreed to be acquired by Spokane, Wash.-based Sterling Financial Corp. for about $42.9 million.

Opus Gets 4 CB&T Branches

Opus Bank in Irvine has agreed to acquire four branches from San Diego-based California Bank & Trust.

Solis Closes 2nd Fund With $61M

Newport Beach-based private equity firm Solis Capital Partners has closed its second fund with $61 million in commitments.

High-End Homes Aimed to Fill Newport Center Void

Meridian Project First in More Than 20 Years

Newport Center is about to get a little more livable

Edwards’ Sales Dip, Stock Fall Raises Analyst Questions

Some See Competitors Making Inroads, Others No Threat

Wall Street analysts are of a mixed mind on Edwards Lifesciences Corp. after the heart valve maker reported disappointing first-quarter earnings and lowered its 2013 outlook.

Lyon Communities Makes Its Marke

REAL ESTATE: Apt. Company Taps Santa Ana for Local Growth

The company is well under way with a 300-unit development called The Marke at MacArthur Boulevard and Main Street in the South Coast Metro portion of the city.