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SSU conference ‘call to action’ on economy gets response
March 8th, 2010NORTH 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.
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New FDIC directive gives Tam Bank deadline
March 1st, 2010SAN 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.
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Umpqua to open loan, investment office in Santa Rosa
March 1st, 2010NORTH BAY – Roseburg, Ore.-based Umpqua Bank is opening its first office in Santa Rosa in mid-April.
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North Bay wealth, investment advisers offer their guidance
March 1st, 2010NORTH BAY – From around the North Bay, wealth advisers, businesses strategists and investment experts weighed in on economic opportunities and dangers in the current environment.
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Banking & Finance: Bank study sees more – and more creative – online wine marketing
March 1st, 2010Economy increases role of direct sales; buying on Facebook?
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Solar project finance company moves from Arizona to Sonoma
March 1st, 2010SONOMA – As quickly as solar technology moves forward, solar investors are filling niches where capital is needed.
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Sonoma Valley Bank to revise third-quarter loss to $19M
February 19th, 2010SONOMA — 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.
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Capitol Bancorp plans to sell Napa Community Bank to California-based Rabobank
February 16th, 2010NAPA – Capitol Bancorp Limited of Lansing, Mich., is selling Napa Community Bank to Rabobank, a Roseville-based community bank serving mainly the food and agriculture industries in central California. There will be an initial cash consideration of approximately $25 million with other considerations. Rabobank is a nationally chartered bank with $10 billion in assets.
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Tamalpais Bancorp showed a $37.6 million loss in 2009
February 16th, 2010SAN RAFAEL – Tamalpais Bancorp, parent company for Tamalpais Bank, today reported a net loss for the fourth quarter of 2009 of $28.2 million. The net loss for the year was $37.6 million, compared with net income of $4.8 million reported in 2008. Total assets were reported at $629.7 million, down form $703.7 million at the end of 2008.
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Two banks see deposit, loan progress as they battle economy
February 15th, 2010NAPA — Two Napa banks recently reported financial results.
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