Orange County Business Journal

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Irell & Manella Names New Managing Partner

Los Angeles-based law firm Irell & Manella LLP has named Michael Ermer the new managing partner for its Orange County office.

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10 OC Billionaires on Forbes List

Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.

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Latham & Watkins Names New OC Managing Partner

Global law firm Latham & Watkins LLP has named Michele Johnson managing partner for its Orange County office.

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HB Insurance Brokerage Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired Ida Tunnell Insurance in Marble Falls, Texas, on undisclosed terms.

Ahoy in Anaheim

Anaheim-based boat maker Willard Marine Inc. is “recreating itself.”

Beall Foundation Gives UCI Boost on Tech Transfer

EDUCATION: $5M for center to speed up commercialization

University of California, Irvine, is creating a new campuswide center that aims to speed up commercialization of its research and support technology development.

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Rutan Names Nichols Managing Partner

Cotsa Mesa-based law firm Rutan & Tucker LLP has elected Steve Nichols as its new managing partner.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

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Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

American Security Bank Sells for $57M

Newport Beach-based American Bancshares Inc. agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.

Gross Miscalculation?

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

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Irvine Cybersecurity Company Raises $20M

Irvine-based cybersecurity software company Cylance Inc. raised $20 million from Blackstone Group LP in New York, Khosla Ventures and Fairhaven Capital, along with other private investors.

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Irvine Cybersecurity Company Raises $20M

Irvine-based cybersecurity software company Cylance Inc. raised $20 million from Blackstone Group LP in New York, Khosla Ventures and Fairhaven Capital, along with other private investors.

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NB Activist Firm Names Slate for A&F Board

Newport Beach-based activist investor Engaged Capital LLC has nominated five candidates for the board of Abercrombie & Fitch Co.

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Raw Ingredients Supplier Moves to Irvine

Herbal extracts supplier GE Nutrients Inc. has expanded its U.S. operations in a recent move to Irvine from Anaheim.

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Raw Ingredients Supplier Moves to Irvine

Herbal extracts supplier GE Nutrients Inc. has expanded its U.S. operations in a recent move to Irvine from Anaheim.

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Opus Adds Private Equity, Correspondent Banking Divisions

Opus Bank has formed a private equity group and a corporate-finance division, the latest efforts by the Irvine-based bank to expand its investment-banking business.

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Opus Adds Private Equity, Correspondent Banking Divisions

Opus Bank has formed a private equity group and a corporate-finance division, the latest efforts by the Irvine-based bank to expand its investment-banking business.

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American Security Bank Sold for $57M

Newport Beach-based American Bancshares Inc. has agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.

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Hyundai Capital to Move 85 Jobs from OC

Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.

Q&A - Wealth Management Firms

A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.

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Hyundai Capital to Move 85 Jobs from OC

Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.

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NB Investor in $5M Deal for Santa Ana Clean-Tech Manufacturer

Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.

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NB Investor in $5M Deal for Santa Ana Clean-Tech Manufacturer

Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.

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Local VCs Back Margolis’ Healthcare Company

A couple of Orange County venture capital firms participated in a $22.1 million funding round for Welltok Inc., a healthcare software company in Denver.

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Argyros Nominates Clark to DST Board

The Argyros Family Trust has nominated private-equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

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Argyros Nominates Clark to DST Board

The Argyros Family Trust has nominated private-equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

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Universal Protection Makes Atlanta Buy

Santa Ana-based Universal Protection Service has acquired International Security Management Group Inc. in Atlanta on undisclosed terms.

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Ohio Manufacturer Opens Tech Center in Irvine

A Cincinnati-based manufacturer of plastic processing equipment has opened a technical center in Orange County.

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Ohio Manufacturer Opens Tech Center in Irvine

A Cincinnati-based manufacturer of plastic processing equipment has opened a technical center in Orange County.

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NB Investor Buys Golf Club in Oklahoma City

Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.

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NB Investor Buys Golf Club in Oklahoma City

Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.

OC Bar Foundation Gets $15M Gift

The Orange County Bar Foundation in Santa Ana got $15.3 million from the Jeffrey M. Carlton Foundation, the largest gift it has received in its 45-year history.

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International Man of Mastery

Fluidmaster CFO on to Challenges in Slovenia

Fluidmaster Inc. has been busy solidifying its presence in the international market.

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Lake Forest Mortgage Company Buys in L.A.

Lake Forest-based mortgage lender Crossline Capital Inc. has acquired Medallion Mortgage Co. in Agoura Hills on undisclosed terms.

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Lake Forest Mortgage Company Buys in L.A.

Lake Forest-based mortgage lender Crossline Capital Inc. has acquired Medallion Mortgage Co. in Agoura Hills on undisclosed terms.

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Barney & Barney Acquired by Marsh Subsidiary

Barney & Barney LLC, a San Diego-based insurance brokerage firm with offices in Aliso Viejo and Northern California, has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.

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Barney & Barney Acquired by Marsh Subsidiary

Barney & Barney LLC, a San Diego-based insurance brokerage firm with offices in Aliso Viejo and Northern California, has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.

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Sunwest Buys Failed Bank in Idaho

Sunwest Bank in Irvine has acquired the assets and deposits of Syringa Bank, a Boise, Idaho-based bank that was closed by the state Department of Finance last week.

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Confie Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired 1 Stop Financial Service Centers of America in Round Rock, Texas.

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KorAm Contribution

97,000 Residents, 9,000 Businesses, $2.6B in Revenue—and Growing in OC

A special initiative under way in Buena Park by one of the largest banks in the U.S. is the latest reflection of the significant concentration of Korean-American businesses in Orange County.

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Bank Deposits Rise Sharply After 3 Slow-Growth Years

Majority of Banks With OC Presence Post Gains

Commercial banks in Orange County grew local deposits by nearly 8% last year after three straight years of gains averaging 2.6% a year.

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Profit Up for CommerceWest Bank

Irvine-based CommerceWest Bank reported increases in assets and profit last year, helped by interest income gains and cost cuts.

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New CFO at California Republic

Irvine-based California Republic Bancorp has hired financial services veteran Mark Olson as its new chief financial officer to succeed Andy Reid, who will remain the bank’s chief accountant.

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Universal Protection Buys in Hawaii

Santa Ana-based Universal Protection Service has acquired Kiamalu Consulting & Investigations Agency LLC in Honolulu on undisclosed terms.

Universal Protection Buys in Hawaii

Santa Ana-based Universal Protection Service has acquired Kiamalu Consulting & Investigations Agency LLC in Honolulu on undisclosed terms.

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New CFO at California Republic

Irvine-based California Republic Bancorp has hired financial services veteran Mark Olson as its new chief financial officer to succeed Andy Reid, who will remain the bank’s chief accountant.

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Pimco Names More Deputies for Gross

Pacific Investment Management Co. has named four new deputy chief investment officers in its latest round of appointments following last week’s announcement that Chief Executive and Co-Chief Investment Officer Mohamed El-Erian plans to step down in March.