Peter J. Brennan
FINANCE: $207M for top 15 lenders in OC
Loans under the Small Business Administration to local borrowers soared 63% to $206.6 million on the Business Journal’s annual list of lenders.
Successful pandemic pivot helps Pinner achieve $180 million in sales during 2020
ECONOMY: Industry continues being sluggish
The industry saw a major upheaval amid the pandemic but job availability is rising again
2021 revenue is predicted to be higher with a focus on post-pandemic projects
FINANCE: Insurance upstart’s market cap tops $4B
Wall Street rebound increased shares by 30%, boosting Alignment to higher ranks in Orange County
2021 booking are increasing along with unannounced projects coming later this year
FINANCE: $235M deal shows return to growth
Acquisition holds optimism as Banc of California enters a new stage of growth
Companies closed by state order given exemption
Pays $235 million in all-stock deal; PMBC shares up 24%
FINANCE: Fast grower to slow CRE lending
Federal Reserve's request connected to the company's commercial real estate lending business
HEALTHCARE: Nears $1B; senior care focus
Focus on technology and efficiency are contributing to Alignment's growth in 22 markets
ARCHITECTURE: Quartet of spots built; patios abound
The McCormick & Schmick’s restaurant and brewery stood like a fortress for more than 20 years at the corner of Main Street and Gillette Avenue in Irvine
Cites rising interest rates to negatively impact mortgage industry
MORTGAGES: Wall Street sends mixed signals
Anthony Hsieh finally pulled the trigger on going public.
FINANCE: Advisory firm up to 71 employees
Dave Harvey has a suggestion for a business owner thinking of selling his or her own firm—don’t get your own agent. Talk to him first because he represents a potential buyer.
Pandemic Fears Overblown; Branches Continue Decline
Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.
Latest Earnings Show Stunning Turnarounds
CommerceWest Bank attained a remarkable achievement in the fourth quarter—its $582 million loan portfolio had zero non-performing loans despite being in the middle of a pandemic that has devasted thousands of businesses.
Orange County has become a hot spot for high-ranking executives covering the West Coast for Charlotte, N.C.-based Bank of America Corp.
COMMUNITY: McDonald aims to help local firms grow
Bobby McDonald in 1990 was asked to become involved with the Black Chamber of Commerce of Orange County.
Shifts More Personnel Towards Business Development
Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago.
When the economy’s faltering, Stephen Gordon sees opportunity.
Moving Corporate HQ to Dallas Area
First Foundation Inc. (Nasdaq: FFWM) made the quarter’s most surprising announcement when it said its holding company’s headquarters will move to the Dallas area.
FINANCE: Data firm selling for $6B; 51% premium
Frank Martell spent three years telling Wall Street that his CoreLogic Inc. was undervalued when its stock hovered around $40 a share.
SERVICES: Jackson tapped by BPM in ’20
Scharrell Jackson spent 20 years at Irvine’s Squar Milner LLP, rising to partner, chief financial officer and chief operating officer.
ACCOUNTING: Follows trend of OC firms
Hall & Co., an Irvine-based accounting firm, has joined Los Angeles-based MGO LLP
Mills Sees Lots of Growth For His Leasing Company
Since 1984, Marc Mills has worked alongside his colleague David Mirsky.
Firms Pivot to Keep Afloat
A year ago, the Business Journal held its 13th annual CFO of the Year Awards, honoring five local executives. None were able to rest on their laurels. Each helped guide their companies through the worst pandemic in a century. The Business Journal caught up with the winners to see how they managed to keep their companies afloat:
CFO Recalls Pulling Back at Pandemic’s Start
The pandemic affected everything, including the initial public offering of Irvine-based environmental consulting firm Montrose Environmental Group Inc.