North Bay Business Journal

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  • People: Week of May 21, 2012

    May 21st, 2012

    John Meislahn has joined the business development team at Exchange Bank as vice president and SBA business development officer. … Mary Celestre and Judy Reynolds have each been promoted to vice president. … Minh Tran, who has been assistant county counsel for Napa County since July 2009, was named by the Board of Supervisors on Tuesday to the top attorney position. … KGO radio anchor and reporter Jeffrey Schaub moved to KCBS All News AM 740/FM 106.9. … Coldwell Banker Residential Brokerage announced two additions to its Marin County management team: Joanne Zavlaris as assistant manager and Kevin Kearney as assistant manager. … VML Winery‘s Virginia Lambrix hired Alex Kanzler to direct quality control for the company’s wines made at the Russian River Valley winery in Healdsburg. … Mike Meneghelli joined Napa-based wine bottle supplier Global Package as sales representative. … Seghesio Family Vineyards has appointed Ned Neumiller as the winery’s head of grower relations.

  • Sunset of perks bumps SBA demand down — current borrowers more aggressive

    May 14th, 2012

    NORTH BAY – The volume of small business lending in the North Bay backed by the U.S. Small Business Administration was 29 percent lower for the first half of fiscal 2012 compared to the same period last year, with a corresponding 16.7 percent decrease in dollars across Sonoma, Marin and Napa counties, according to the SBA.

  • Spotlight: Leading SBA lenders 2012

    May 14th, 2012

    Spotlight: SBA Lenders 2012

  • Healdsburg wine company gets $2.5 million investment

    May 10th, 2012

    HEALDSBURG — A San Francisco venture capitalist is investing $2.5 million in a 5-year-old wine producer, the company announced today.

  • AltaPacific announces share repurchase, first-quarter earnings

    May 4th, 2012

    SANTA ROSA – AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, announced today that its board of directors has authorized the repurchase of up to $1 million of outstanding common shares through April 30 of next year.

  • Hennessy declares dividend after profitable quarter

    May 3rd, 2012

    NOVATO — Hennessy Advisors, Inc. (OTCBB: HNNA), a Novato-based investment manager, reported total revenue of $1.73 million in the first three months of 2012, and the board of directors declared a quarterly dividend of 3.125 cents per share.

  • Summit State Bank declares dividend as income rises 30 percent

    April 30th, 2012

    SANTA ROSA — Summit State Bank (NASDAQ: SSBI) today reported net income increased 30 percent in the first three months of 2012 than during the same period in 2011, and the bank’s board of directors approved a 9 cent dividend.

  • People: Week of April 30, 2012

    April 30th, 2012

    Banking and Finance Leslie Miller has joined Corte Madera-based Financial Connections Group, Inc., as a financial adviser, as the firm expands to handle its growing business in Marin County. Financial Connections is an independent, fee-only financial advisory firm that was founded in 1995. Ms. Miller, a resident of Kentfield, has more than 20 years of [...]

  • ‘AA’ rating to help save Napa County $1.5M in refinancing

    April 25th, 2012

    NAPA COUNTY – Standard & Poor’s has assigned a AA credit rating to Napa County’s 2012 Certificates of Participation, a gesture that will help the county obtain lower interest rates when it markets those certificates in the near future.

  • Sterling, parent of Sonoma Bank, earns $13.3M in first quarter

    April 25th, 2012

    SPOKANE, Wash.– Sterling Financial Corporation (NASDAQ: STSA), the Spokane Washington-based parent company of Sonoma Bank, today announced net income of $13.3 million for first quarter of 2012.

  • Bay Commercial reports profit in first quarter

    April 24th, 2012

    NAPA — Bay Commercial Bank (OTCBB: BCML), a Walnut Creek-based bank that recently opened a full-service branch in Napa, today reported net income of $380,000 in the first quarter of 2012.

  • Bank of Napa reports eighth consecutive profitable quarter

    April 23rd, 2012

    NAPA – Bank of Napa, N.A. (OTCBB: BNNP) reported its eight consecutive quarterly net profit for the first quarter of 2012, with a net income of $468,000.

  • Bank of Marin $4.9 million first-quarter earnings ‘good start’

    April 23rd, 2012

    NOVATO — The holding company for Bank of Marin today reported it earned 9.6 percent more in the first three months of 2012 than during the same period last year and 46 percent more than in fourth quarter.

  • Rabobank’s Santa Rosa branch third in North Bay

    April 23rd, 2012

    Rabobank, N.A. opened a new branch and agribusiness center in downtown Santa Rosa last week, marking a third branch for the bank in the North Bay. The Roseville-based bank opened the branch to better serve existing clients in Santa Rosa and to help grow an expanding agribusiness lending team lead by Senior Vice President and [...]

  • Access to financing easing for wine industry, lenders say

    April 23rd, 2012

    NORTH BAY – Borrowers in the wine industry have found it easier to access financing recently, with industry lending experts citing a warming approach to commercial lending from traditional sources and an uptick in interest for specialty non-bank lending.

  • Exchange Bank earned $3 million in first quarter

    April 18th, 2012

    SANTA ROSA – Exchange Bank earned an after-tax profit of nearly $3 million in the first calendar quarter of 2012, virtually the same amount earned during the same quarter in 2011, according to an earnings statement that the bank released today.

  • Rabobank opens Santa Rosa branch

    April 16th, 2012

    SANTA ROSA – Rabobank, N.A. opened a new branch and agribusiness center in downtown Santa Rosa today, the third in the region after branches in Sonoma and Napa.

  • Napa explores incubator at former airline training facility

    April 16th, 2012

    NAPA COUNTY – Efforts to create a first-ever business incubator in Napa County could take another step forward in the coming weeks as project members seek additional startup funding from the county Board of Supervisors and the Napa City Council.

  • Foreclosure rate rises in Lake Co., falls elsewhere in North Bay

    April 12th, 2012

    The proportions of homes in foreclosure in the North Bay last month was below the state average in four of the six counties, and the number of properties at risk of going back to lenders fell in all but Lake County over the past six months, according to data released today from foreclosure data compiler RealtyTrac.

  • April 18 forum of experts to tackle shrinking supply, globalization, finance

    April 9th, 2012

    SANTA ROSA — As the supply of raw materials for wine are evaporates around the globe, emerging economies become thirstier for the beverage, the U.S. emerges as the world’s top wine market and the complexities of international trade, investment and economics multiply, 13 top California wine industry executives will be defining the challenges and opportunities at the Business Journal’s 2012 Wine Industry Conference on April 18 in Santa Rosa.

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