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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Special Report: Profitable Ventures

Outside Investors Are Discovering the Early-Stage Opportunities in Local StartupsAfter several back-and-forth flights to San Francisco, Seismic CEO Doug Winter finally landed his company’s first investment. The San Diego software startup raised $4.5 million from early-stage venture capital firm Jackson Square Ventures.

Engine Co. Acquisition Adds Key Component to Kratos UAV Program

AEROSPACE: Kratos Buying 80.1% of Co. With Option to Buy the Rest

Kratos Defense and Security Solutions Inc. continues to develop its unmanned aircraft business, as shown by its recent acquisition of a company that makes small jet engines in February, and the first flight of a drone in March.

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Qualcomm Ventures Leads $18M Round in Industrial IoT Company

Qualcomm Ventures led an $18 million round in CyberX, one of many recent investments the San Diego company has made in industrial IoT companies.

Axos, MWABank Transaction Receives Federal Approval

San Diego-based Axos Bank said earlier this month that it received federal regulatory approval to take on the deposits of MWABank, which amount to $173 million. Axos Financial Inc. (NYSE: AX) originally announced its plan to take on MWABank in December.

Marriott Mission Valley Acquired by Miami-Based Investment Firm

Built in 1988, the Marriott Mission Valley hotel’s common areas were renovated in 2017.

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Beta Wealth Group Launches New Institutional Investment Division

San Diego-based Beta Wealth Group launched Beta Asset Management on Friday.

CalPrivate Bank Names Board Member

CalPrivate Bank and its holding company, Private Bancorp of America, announced on March 22 that it has named Brett Lawrence to its board of directors.

Special Report: Funding Journey Starts With Getting Your Foot in the Door

INVESTMENT: Seismic Did Its Homework and Obtained Introductions

Raising a funding round for a startup isn’t easy. Doug Winter should know. He’s raised four since he founded Seismic in 2011.

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Parking Changes May Boost Infill Projects

BUILDING: Developers Applaud End of Regulation

Tim Foley, a San Diego developer who specializes in building infill apartment projects in the city’s urban neighborhoods, said he’ll likely be able to build more apartments for less money thanks to a new law that eases parking requirements.

Coffee Co. Cultivates Direct Trade Ties

RETAIL: Owner Makes Deals With Farmers, Also Does Own Roasting

It was a conversation with a very candid customer in the early 1990s that set Jeff Taylor, president and co-owner of Bird Rock Coffee Roasters Inc., out to find the best coffee in the world.

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PhaseBio Stock Jumps Following Good Results in Early-Stage Clinical Trials

PHARMA: Drug Used to Reverse Antiplatelet Activity

PhaseBio’s stock jumped March 18 after the company’s lead drug candidate showed promise in an early-stage clinical study.

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French Pharmaceutical Giant Partners with CureMatch

BIOTECH: Local Co. Gains Global Reach In Sales, Marketing

CureMatch, a San Diego-based software startup that helps oncologists identify treatment options for patients, recently landed a big corporate partner.

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Startup Comma.ai Moves Its Headquarters to San Diego

TECH: Rising Tech Scene and Lower Cost of Living Draws Co.

Comma.ai, a startup developing driver assistance systems for everyday vehicles, has moved its headquarters from San Francisco to San Diego.

Silvergate Bank Sees the Ups and Downs of Cryptocurrency

BANKING: The Cryptocurrency Policy Is Drawing Customers

San Diego-based Silvergate Bank brought on new customers at the end of 2018, but saw its digital deposits decrease quarter-over-quarter. The crypto-friendly bank filed for an IPO last November, with a price target of $50 million.

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Military Construction May Wait for Border Wall

San Diego County has its share of military construction projects that might take a back seat to construction of a wall on the U.S.-Mexico border.

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