Banking and Finance – North San Francisco Bay Area, Sonoma, Marin, Napa counties

NASDAQ warns Tam Bancorp of delisting

March 18th, 2010

SAN RAFAEL — Tamalpais Bancorp, the parent company for Tamalpais Bank, announced today it has been notified by the NASDAQ stock market that it no longer meets the minimum $1 per share bid price requirement for continued listing on the exchange.
Treasury says Sonoma Bank owner must raise $650 million

March 16th, 2010

SPOKANE, WASH. — Sterling Financial Corp., owner of Sonoma Bank in Santa Rosa, today said it is in active negotiations with several private equity investors, its major creditors and its regulators about various strategic alternatives designed to put Sterling on a sound financial footing and to allow it to recapitalize and grow its business.
Circle Bank completes purchase of future site for headquarters

March 15th, 2010

NOVATO — Circle Bank today announced it completed the acquisition of property to house its headquarters at 999 Grant Ave. in Novato.
SSU conference ‘call to action’ on economy gets response

March 8th, 2010

NORTH BAY – “This is a call to action,” said Dr. William Silver, dean of the School of Business and Economics at Sonoma State University when he opened its annual economic outlook conference Feb. 25.
New FDIC directive gives Tam Bank deadline

March 1st, 2010

SAN RAFAEL — The Federal Deposit Insurance Corp. issued Tamalpais Bank a directive on Feb. 19 requiring that within 30 days the bank either sell enough stock to be “adequately capitalized,” or accept an offer to be acquired by or combined with another institution.
Umpqua to open loan, investment office in Santa Rosa

March 1st, 2010

NORTH BAY – Roseburg, Ore.-based Umpqua Bank is opening its first office in Santa Rosa in mid-April.
North Bay wealth, investment advisers offer their guidance

March 1st, 2010

NORTH BAY – From around the North Bay, wealth advisers, businesses strategists and investment experts weighed in on economic opportunities and dangers in the current environment.
Banking & Finance: Bank study sees more – and more creative – online wine marketing

March 1st, 2010

Economy increases role of direct sales; buying on Facebook?
Solar project finance company moves from Arizona to Sonoma

March 1st, 2010

SONOMA – As quickly as solar technology moves forward, solar investors are filling niches where capital is needed.
Sonoma Valley Bank to revise third-quarter loss to $19M

February 19th, 2010

SONOMA — Sonoma Valley Bancorp (Bulletin Board: SBNK), the the parent of Sonoma Valley Bank, this afternoon said it expects to significantly expand its third-quarter and nine-month reported losses following a regulatory review of bank filings.