Orange County Business Journal

Plaza Bank to Buy Bank of Manhattan

Irvine-based Plaza Bank agreed to acquire Bank of Manhattan in El Segundo in a deal valued at about $52 million.

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Pimco Hires Ex-White House Adviser

Newport Beach-based Pacific Investment Management Co. has tapped former White House economic adviser Gene Sperling as a consultant on U.S. economic policy.

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Lyon Starts Mortgage Arm With Stearns

Newport Beach-based homebuilder William Lyon Homes has partnered with Stearns Lending LLC in Santa Ana to create William Lyon Mortgage LLC.

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NB Investor Buys Furniture Maker

Newport Beach-based investment firm Excelsior Capital Partners LLC has acquired office furniture maker Via Seating Inc.

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VC Deals Up in 2014

Orange County companies drew $702.3 million in venture capital funding in 2014, up about 1% from a year earlier.

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Midday Stock Roundup

The S&P 500 was down 0.9% to 1,993.79.

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Plaza Bank, Bank of Manhattan Combine

Irvine-based Plaza Bank has agreed to acquire Bank of Manhattan in El Segundo in deal valued at about $52 million.

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OC Firms Outpace US Patent Growth

Orange County companies received 3,520 U.S. patents in 2014, up 12% year-over-year.

Clean Energy Sells Dallas Facility Stake

Newport Beach-based alternative fuel developer and supplier Clean Energy Fuels Corp. sold its majority stake in a biomethane production facility in Dallas to a minority owner for $40.6 million.

CashCall Mortgage Arm to Be Bought

Irvine-based Impac Mortgage Holdings Inc. agreed to acquire the mortgage operations of CashCall Inc. Terms were not disclosed.

Joint Venture for Anton & Chia

Newport Beach-based accounting firm Anton & Chia LLP has entered into a joint venture with Morine & Co. Chartered Accountants LLP in Vancouver.

Exec Sentiment Up for New Year

ECONOMY: 65% surveyed for CSUF index expect Q1 growth

Orange County executives are starting 2015 with increased optimism, according to the latest quarterly index by California State University-Fullerton’s Mihaylo College of Business and Economics.

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Incipio Gets $55M Financing

Irvine-based mobile device accessories maker Incipio Technologies Inc. secured $55 million in financing from Monroe Capital LLC.

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Busch, Caspino to Split

The heads of Irvine-based law firm Busch & Caspino have announced they are forming two separate law firms.

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Impac Buys CashCall’s Mortgage Business

Irvine-based Impac Mortgage Holdings Inc. has agreed to acquire the mortgage operations of CashCall Inc.

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Hueston Leaves Irell for Own Firm

Trial attorneys John Hueston and Brian Hennigan have left Irell & Manella LLP and launched Hueston Hennigan LLP.

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Alliant Buys Employee Benefits Firm

Newport Beach-based Alliant Insurance Services Inc. has acquired American Benefits Consulting in New York.

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Clean Energy Sells Majority Stake in Dallas Plant

Newport Beach-based alternative fuel developer and supplier Clean Energy Fuels Corp. has sold its majority stake in a biomethane production facility in Dallas to a minority owner for $40.6 million.

RJI Acquires IE Accounting Firm

Irvine-based RJI Ramirez Jimenez International CPAs has acquired an accounting firm in the Inland Empire on undisclosed terms.

Finance: Mordy Rothberg

Busy Buyer Builds Regional Insurance Brands With Latino Focus

Confie Seguros Insurance Services is getting big with a lot of small moves.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,077.47 in midday trading.

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Pac Life Adds $200B Worth of Reinsurance Business

Pacific Life Insurance Co. has assumed $200 billion worth of individual life reinsurance risk from Reinsurance Group of America Inc.

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Orange Bank Acquired

Orange-based First Security Business Bank has been acquired by San Diego Private Bank on undisclosed terms.

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Wells Fargo Names Irvine Exec SoCal President

Wells Fargo has named Ben Alvarado president of its Southern California region in a restructuring.

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Midday Stock Roundup

The S&P 500 was flat at 2,081.88 in midday trading.

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Aliso Viejo Software Firm Gets $2M

Corent Technology Inc. in Aliso Viejo received $2.1 million in venture capital funding.

Bankers See Trend of Global Growth for OC Clients in 2015

FINANCE: Exports pegged to rise 8%, reach $28B in 2015

Many of the biggest commercial banks with operations in Orange County are poised to gain from international markets as the local business landscape becomes more global in character.

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OC Adds 9,000 Jobs, Unemployment Rate Steady at 5%

Orange County added 9,000 jobs in November, continuing a streak of monthly job gains since a dip in August.

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Versant Closes $305M Fund

Healthcare-focused venture capital firm Versant Ventures has raised $305 million for its latest fund.

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Versant Closes $305M Fund

Healthcare-focused venture capital firm Versant Ventures has raised $305 million for its latest fund.

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Irvine Bank CEO and CFO to Retire

Irvine-based Pacific Enterprise Bank said Chief Executive Rick Ganulin will retire at the end of the year.

2014 Year in Review: Finance

Gross made the biggest people-on-the-move news in the finance industry this year, leaving Pacific Investment Management Co. for much-smaller rival Janus Capital Group.

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Irvine Bank CEO and CFO to Retire

Irvine-based Pacific Enterprise Bank said Chief Executive Rick Ganulin will retire at the end of the year.

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Mortgage Lender to Expand in OC

Stonegate Mortgage Corp. in Indianapolis said it plans to make more than 175 hires in Orange County for its recently created loan servicing subsidiary Stonegate Direct in Lake Forest.

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Alliant Acquires Employee Benefits Firm in N.Y.

Alliant Insurance Services Inc. in Newport Beach has acquired the Camps Group, a New York-based brokerage firm that specializes in employee benefits services.

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Parker Hannifin Takes Stake in Irvine Manufacturer

Freedom Innovations LLC, an Irvine-based maker of prosthetic devices, has received a minority equity investment from diversified manufacturer Parker Hannifin Corp.

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Chapman 2015 Forecast: OC Will Add 38,000 Jobs

Orange County businesses will add nearly 38,000 jobs in 2015, growing the local employment base by 3%, according to a forecast by Chapman University’s Argyros School of Business and Economics.

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Chapman 2015 Forecast: OC Will Add 38,000 Jobs

Orange County businesses will add nearly 38,000 jobs in 2015, growing the local employment base by 3%, according to a forecast by Chapman University’s Argyros School of Business and Economics.

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Avanir to be Acquired for $3.5B

Avanir Pharmaceuticals Inc. has agreed to be acquired by Otsuka Pharmaceutical Co. for $3.5 billion.

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Golden State Foods Opens ‘Green’ Facility

Irvine-based food manufacturer and distributor Golden State Foods Corp. has opened a distribution center in Chicago focused on environmental sustainability.

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Ingram Micro Gets Majority Stake in Turkish Distributor

Santa Ana-based Ingram Micro Inc. through its Dubai unit has acquired a majority stake in Armada, a technology distributor in Turkey.

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Software Company Expands HQ, Moves to Aliso Viejo

Predixion Software Inc. has tripled the size of its headquarters in a move from San Juan Capistrano to Aliso Viejo.

Employee Friendly, Too

Earth Friendly Products Spreads Benefits of Growth

Earth Friendly Products is continuing on its growth course under a new generation of leadership.

First Foundation Gets Bank in Hawaii

Irvine-based financial services company First Foundation Inc. has agreed to acquire Pacific Rim Bank in Hawaii in a deal valued at about $11.8 million.

Building Business by Hand

Manufacturer in ‘Unique’ Industry Pulls on Family Ties for Gains

Eric Albert calls his company, American Handforge, more or less “hidden.”

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JWA Traffic Up in October

Airline passenger traffic at John Wayne Airport increased 2.6% in October compared with a year earlier, the airport said.

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Irvine Security Firm Moves HQ to Carlsbad

A cyber security start-up in Irvine has moved its headquarters to Carlsbad, where it recently opened a new office.

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OCADA: October Auto Sales Up 6.5%; Prediction for 2015

October sales of new vehicles at Orange County auto dealers increased 6.5% year-over-year to 12,869, according to the Orange County Automobile Dealers Association.

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Midday Stock Roundup

The S&P 500 was down 0.13% to 2,070.07 in midday trading.

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OCADA: October Auto Sales Up 6.5%; Prediction for 2015

October sales of new vehicles at Orange County auto dealers increased 6.5% year-over-year to 12,869, according to the Orange County Automobile Dealers Association.