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.
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.
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.
Irvine-based Banc of California Inc. on Friday announced the appointment of its second director this week from a large shareholder.
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.
Santa Ana-based First American Financial Corp. reported title insurance and acquisitions boosted fourth-quarter revenue 11% to $1.5 billion.
Santa Ana-based Stearns Lending LLC is selling its Delegated Correspondent Lending business to Flagstar Bancorp Inc. of Troy, Mich., for an undisclosed price.
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.