Orange County Business Journal

Recent Stories

M&A Slowdown Any Way You Cut It

FINANCE: Mega-comparisons show big drop; slight dip otherwise

The value of Orange County mergers and acquisitions slipped last year, but not as far as a first glance might suggest. The deals plummeted to $28.3 billion from $88 billion in 2015.

PAAMCO’s Yield On KKR Deal: Scale

FINANCE: Will add Prisma moniker, Wall Street ties

Pacific Alternative Asset Management Co. had a firm grip on a perch in the top ranks of a key financial industry segment with a portfolio of $24 billion as this year started.

Minority-Owned Firms’ Revenue Up 10% in 2016

78 Combine for $18.7B, Employ Nearly 14K in OC

Revenue at the largest minority-owned businesses with headquarters in Orange County climbed almost 10% to $18.7 billion last year, led by acquisitions, mortgages and granite countertops.

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2nd Big Shareholder to Bank Board

Irvine-based Banc of California Inc. on Friday announced the appointment of its second director this week from a large shareholder.

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Bank's Shares Jump After Report

Shares of Irvine-based Banc of California Inc. soared after the bank issued a statement saying an independent investigation exonerated the company of accusations by a blogger.

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Mixed Results for First American

Santa Ana-based First American Financial Corp. reported title insurance and acquisitions boosted fourth-quarter revenue 11% to $1.5 billion.

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Stearns to Sell B2B Mortgage Unit

Santa Ana-based Stearns Lending LLC is selling its Delegated Correspondent Lending business to Flagstar Bancorp Inc. of Troy, Mich., for an undisclosed price.

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Bank Director Changes Course

Banc of California director Halle J. Benett has reversed course and decided to seek re-election after all to the Irvine-based bank’s board, according to a filing Tuesday with the U.S. Securities and Exchange Commission.

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