Jane Yu covers finance, education, manufacturing and professional services for the Orange County Business Journal. She can be reached at firstname.lastname@example.org.
The Federal Reserve Board has terminated its enforcement action with Costa Mesa-based Pacific Mercantile Bancorp.
ECONOMY: Top 79 combine for 258,796 jobs, 17% of county’s total
Orange County’s biggest employers grew their combined workforce by 1% in the past year, a modest but steady pace of growth for the fourth straight year.
Billionaire hedge fund manager George Soros has put $500 million in a fund managed by Bill Gross at Janus Capital Group Inc.
Orange County employers added 15,800 jobs in October, helping push down the unemployment rate to 5%.
Newport Beach-based title insurance company Experience 1 Inc. has been acquired by Solutionstar Holdings LLC for $36 million in cash.
Universal Protection Service in Santa Ana has acquired two guard services companies on undisclosed terms.
Irvine-based Allergan Inc. has agreed to be acquired for $66 billion by Actavis PLC.
Irvine-based California Republic Bancorp has raised about $90 million in equity and debt offerings.
The Business Journal’s Jane Yu asked local bankers to discuss their and their clients’ thoughts on how to manage operations in a changing interest rate environment, where rates are expected to rise. Here are edited excerpts of their responses:
23 Together See 35% Rise To $18.5 Billion In Year
Orange County-based commercial banks have notched the biggest year-over-year asset growth in the ongoing economic recovery and even since the few years prior to the recession.