Murray Coleman is a Business Journal reporter covering finance, manufacturing, economics and other topics. He can be reached at firstname.lastname@example.org.
Majority of Local Banks, Thrifts Profitable in First Quarter
Two years of heavy losses at banks and thrifts seem to be coming to an end.
FINANCE: Company expects to wrap up integration by August
Bank of America is looking to largely wrap up its local integration of Merrill Lynch by August
ABOUT THE LIST - SBA LENDERS
The amount of loans made by the largest 20 Small Business Administration lenders in the county jumped to $155 million for the six months through March, according to this week’s Business Journal list. Includes the 2010 OC's SBA LENDERS for download (pdf)
The Business Journal took a look at four such small-business owners and their efforts to build bigger customer bases as the county moves out of recession and into recovery.
Small-Business Loans Jumped in Q1 on Government Provisions, Local Bank Involvement
Small-business loans jumped in the first quarter
Distressed buyout firm Signature Group Holdings LLP has been chosen to revive fallen subprime mortgage lender Fremont General Corp.
FINANCE: Ministry Partners sees more troubled loans as churches struggle
A company that specializes in mortgage loans to churches is trying to raise $100 million
Handbag Designers Revamp, Harveys Cope with Economy by Expanding Designs, Sellers
Handbag designer Harveys Industries is making some changes; Local purse maker Revamp Productions is venturing into clothes
DEFENSE: Company has about 25 people, looking to double
Defense contractor Applied Signal has relocated its local operations within Anaheim
FINANCE: Venture capital firms nurse prior investments; thawing under way?
Where have all the venture capitalists gone?
FINANCE: $14B managed here; tax scandal, mortgage issues linger
The investment advisory arm of embattled UBS AG has gained business in OC and is looking for a bigger piece of the local market
FINANCE: Armored Wolf founder used to run similar fund at Pimco
FINANCE: A former money manager at Pimco and his Aliso Viejo firm have been tapped to manage a commodities mutual fund
AEROSPACE: Eaton’s local aerospace operations are seeing more work than they have in years
Costa Mesa-based Pacific Mercantile Bank, the county's largest bank or thrift by assets, climbed back into profitability in the first quarter as its stock kept outperforming by reaching a new 52-week high.
Job growth is seen for Orange County later this year but at a slower rate than originally predicted, according to an updated forecast by California State University, Fullerton economists.
The value of venture capital deals in the county rose 57% in the first quarter to $201.6 million from a year earlier, according to Dow Jones VentureSource.
SERVICES: Doing hotels, malls, offices in China; quick schedule
ARCHITECTURE: A veteran local architect has turned to China
Small business loans in the county jumped to $80.7 million in the first quarter, a 172% rise from a year ago, according to the Small Business Administration’s Santa Ana district staff.
The county's unemployment rate returned to more than 10% in March, but the pace of yearly layoffs slowed with a gain in jobs from February to March.
FINANCE: Three plans compete to turn subprime lender into bank
Fallen subprime mortgage lender Fremont General is moving closer to emerging from bankruptcy after nearly two years of wrangling
Debt Issues Linger
Real estate investors aren’t the only ones concerned about a possible wave of commercial mortgage defaults
A New York-based distressed buyout firm that has acquired a stake in Irvine-based Freedom Communications Inc. is making a bid for part of another media company, the parent of the Los Angeles Times.
Costa Mesa’s Pacific Mercantile Bank, the largest based in Orange County, reported a narrowed fourth-quarter loss on Wednesday.
FINANCE: Plans in works for six more funds; $900M invested so far
Pimco is expanding its move into exchange-traded funds
MEDIA: Angelo Gordon cited as key investor; rebound forecasted
A New York-based private equity firm specializing in distressed debt is set to become a leading investor in Freedom Communications
ECONOMY: Q2 outlook highest in two-plus years
Executives have turned solidly optimistic in their outlook for the second quarter
Wealth Managers Back in Stocks, Commodities, Real Estate; Some Shun Bonds
With Wall Street now in a yearlong rebound, wealth managers have adjusted their strategies.
FINANCE: Advisers find place in new era; diversified investing tacks
Those on the Business Journal’s list of top wealth managers report that they’ve made it through two tumultuous years of investing without severe slippage in clients or returns.
FINANCE: Executive starting new company, others see bounce in Q4
Are subprime auto loan makers back in business?
ECONOMY: County nearing a year of growth; employment lags
OC’s economy is approaching a full year of recovery, though that may not mean much if you’re still looking for a job
FINANCE: Euro Pacific looks to add bankers, brokers, others
A stock brokerage and investment advisory firm run by economist Peter Schiff has moved to new offices within Newport Beach with plans to hire
FINANCE: Pent-up demand likely to increase deals by end of this year
The encouraging signs are for private equity investments
Cautious Bank Expands in Meltdown’s Fallout
Sunwest Bank is turning up the heat on its competitors
FINANCE: ’80s rocker said to be headlining; attendees up from ’09
Roth Capital opens its yearly three-day Roth Orange County Growth Stock Conference with more global flavor and an eye on better economic times
Public Companies Have Seen a Run-Up in Value, Set Benchmark for Potential M&A Deals
Why rising company valuations aren’t expected to deter potential buyers
The county's largest private employer improved its financial position in 2009.
Local Contingent Remain As Staples
Local businessmen, led by Donald Bren, again make Forbes' latest list of the world's top billionaires.
First Vietnamese American Bank and Saigon National Bank recently scored poorly in a test of their bad loans and real estate against their cash reserves
MANUFACTURING: Custom Comfort flirted with bankruptcy
Two years of lagging sales didn’t bring an end to a local mattress maker
FINANCE: Deals slowed in 2009 but didn’t stop; $4B-plus in 2 years
Private equity deals continued flowing in OC in the past two years
FINANCE: Early 2010 work up three times from ‘dismal’ year ago
The county’s largest homegrown bank has seen the values of its deals triple from last year
FINANCE: Banks here at $64B in deposits, top 10 comprises 80%
The tale of commercial banking in Orange County has become one of size
What’s going on in the local thrift scene.
Some believe OC is immune to the continuing bank failures expected to play out this year
Banking’s Epic Transformation Continues, New Era Starts Settling In
Not all of the dust has settled from the epic reshuffling of the local banking market that started in late 2008.
Bella Collina Golf Members Get Business Services; Costa Mesa Resident Starts Swimsuit Line
Trinity Bat in Fullerton just got its first big supply of wood to kick off a new baseball season, in the Small Business column
ECONOMY: Recovery sees rise in materials prices, yet sales lag
The budding recovery is proving to be a double-edged sword for manufacturers
One of the county’s larger hedge fund managers is getting a $40 million multiyear placement from a French investment company
FINANCE: Bank staying local, leasing 70,000 sf from Irvine Co.
JPMorgan is moving its local headquarters but staying in Irvine
FINANCE: Feds backing 80% of banks’ shares of expansion loans
New federal loan guarantees designed to spur lending to small business are due within weeks