FINANCE

Commercial Bank Names New OC President

Irvine’s Commercial Bank of California (CBC) appointed Michael J. Helmuth to a new role as Orange County market president and Claudia Bodan to a similar new role for Los Angeles.

Tease photo

Vizio Reaches $17M Settlement in TV Spying Lawsuit

Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.

Tease photo

Taco Bell Operator Plans 50 in Australia

Collins Foods Ltd. will open 50 Taco Bell locations in three years in three states in Australia.

Tease photo

GSF in Talks to Sell Some Sites

Golden State Foods Corp. in Irvine said it’s talking with Rosemont, Ill.-based McDonald’s distribution and logistics firm Martin-Brower LLC to sell some distribution centers serving the Golden Arches and reinvest the proceeds to diversify operations.

Tease photo

Pimco Buys Muni Fund Manager

Newport Beach-based Pacific Investment Management Co. is buying a municipal-bonds specialist to expand its tax-exempt investments business. Terms were undisclosed.

Tease photo

Foundation Sells Business Unit

Tustin-based Foundation Building Materials Inc. (NYSE: FBM), a distributor of building products, said Thursday it will sell its mechanical insulation business to Dunes Point Capital LP of Rye, N.Y., for $122.5 million.

Tease photo

Nékter in 4-State, 30-Unit Deal

Nékter Juice Bar Inc. in Santa Ana said a franchisee will open 30 locations of the juice and smoothie chain in Florida, Tennessee, Maryland, and Washington D.C. The latter two are new markets for Nékter; the first store should open in Florida early next year.

Tease photo

Willdan Gets $17M Schools Projects

Willdan Group Inc. (Nasdaq: WLDN) got $17 million in contracts with Colorado school districts.

Tease photo

OrigAudio Acquired by HUB

Fountain Valley-based consumer electronics company OrigAudio LLC has been acquired by HUB Promotional Group in Braintree, Mass. for an undisclosed sum.

Tease photo

Nuvision to Acquire Alaska Credit Union

Huntington Beach-based Nuvision Credit Union announced Monday that it will merge with Anchorage, Alaska-based Denali Federal Credit Union, effective Oct. 1.

Tease photo

Kaiser Buys in NJ

Kaiser Aluminum Corp. in Foothill Ranch bought Columbia, N.J.-based 3D metal printer Imperial Machine & Tool Co. on undisclosed terms.

Tease photo

Habit Burger Signs Rare Franchise Deal

Habit Restaurants Inc. said a franchisee will develop nine locations in Eastern Washington and Idaho, with the first ones scheduled to open early next year.

Tease photo

Philharmonic Names President

The Philharmonic Society of Orange County in Irvine named Tommy Phillips president and artistic director, effective Oct. 1.

Tease photo

Johnny Rockets Promotes President to CEO

Lake Forest-based Johnny Rockets Group Inc. named President Mike Nolan its chief executive, effective Oct. 1, replacing John Maguire, who has left the company.

Tease photo

$400M Montage Project to Montana

Montage Hotels & Resorts will manage Montage Big Sky in Montana when it opens in 2021. The resort getaway project broke ground Friday in a partnership of Montage parent Montage International in Irvine and CrossHarbor Capital Partners LLC in Boston.

Tease photo

Marwaha Family Buys 3rd SD Hotel

An affiliate of Anaheim-based Marwaha Group Inc. paid $22.7 million for Hampton Inn Carlsbad in North San Diego County; the deal closed Aug. 31.

Tease photo

Allergan to Buy NB’s Bonti

Allergan PLC announced it will buy Newport Beach-based Bonti Inc. for $195 million.

Tease photo

Pizza Chain Names Yum Vet President, COO

Mountain Mike’s Pizza LLC hired Jim Metevier as president and chief operating officer.

Tease photo

BPM Buys Santa Ana Accountancy

San Francisco’s BPM LLP, one of the 50 largest accountancies in the country, is entering Orange County with the purchase of Santa Ana’s Kramer & Olsen Accountancy Corp.

Tease photo

Language School Plots Franchise Growth

Portal Languages in Costa Mesa plans six franchised locations to add to three sites it has opened so far in OC.

Tease photo

Rossignol Picks Global Bike Chief

Rossignol Group, a French maker of ski, snowboard and biking products, named Scott Rittschof to a new position as senior vice president of its global bicycle business, based in Irvine.

Tease photo

Smile Brands Plans M&A Growth

Smile Brands Inc., an Irvine-based dental business support services provider, named Kevin Rogus as vice president of mergers & acquisitions.

Tease photo

Restaurant Temp Firm Adds Delivery

ShiftPixy Inc. said it will offer delivery driver employees to fast food and fast casual restaurant clients.

Tease photo

PE-Backed Sauce Maker Buys Salsa Co.

Stir Foods LLC in Orange and Pacifica Foods, which has a facility in Corona, bought an Oceanside-based salsa maker on undisclosed terms.

Tease photo

Ruby’s Files BK

Six affiliates of Ruby’s Diners Inc. filed for bankruptcy August 29, including Ruby’s Quality Diners LLC, Ruby’s SoCal Diners LLC, and four covering specific locations in Huntington Beach, Laguna Hills, Oceanside, and Palm Springs.

Tease photo