North Bay Business Journal

  • Strong 2011 puts Exchange Bank closer to ‘primary objective’ of dividend

    February 6th, 2012

    Santa Rosa-based Exchange Bank earned $12.2 million in net income over the course of 2011, a 19 percent increase from the prior year that the bank attributed to developments such as strong core earnings and a reduction in problem assets.

  • Internal transfer or sale? Succession experts weigh merits

    February 6th, 2012

    The Business Journal’s “Who will take over your business?” event explored the two possibilities through case studies and expert discussion.

  • Shareholders approve AltaPacific merger with Stellar

    February 3rd, 2012

    Shareholders have approved the merger of AltaPacific Bancorp and Covina California-based Stellar Business Bank, a deal first announced in September and one that nearly doubles the value of assets held by AltaPacific Bank, according to a release today.

  • Strong 2011 puts Exchange Bank closer to ‘primary objective’ of dividend

    January 31st, 2012

    SANTA ROSA – Exchange Bank earned $12.2 million in net income over the course of 2011, a 19 percent increase from the prior year that the bank attributed to developments such as strong core earnings and a reduction in problem assets.

  • Leaders in commercial banking

    January 30th, 2012

    A look at the North Bay’s leading commercial bankers in 2012.

  • Assets reach all-time high at Community First

    January 29th, 2012

    Community First Credit Union’s net assets reached $130 million at the end of 2011, the highest-ever value for the 51-year-old institution.

  • Summit State Bank earnings rise 23 percent in 2011

    January 26th, 2012

    SANTA ROSA – Summit State Bank (NASDAQ: SSBI) today reported net income increased 23 percent in 2011 from 2010.

  • Bank of Marin reports profit in 2011

    January 20th, 2012

    NOVATO — Bank of Marin Bancorp (NASDAQ: BMRC), the parent company of Bank of Marin, announced today that the bank’s annual net income increased by 14.8 percent in 2011.

  • Westamerica cites rate pressure in 2011 earnings decrease

    January 19th, 2012

    SAN RAFAEL – Westamerica Bancorporation (NASDAQ: WABC), the parent company of Westamerica Bank, said in a report today that a low interest rate environment pressuring the banking industry led to a decrease in income in 2011.

  • Hennessy Advisors increases dividend

    January 19th, 2012

    NOVATO – The board of directors for Hennessy Advisors (OTCBB: HNNA), the Novato-based investment management firm, announced a 25 percent increase in its annual cash dividend today; from 10 cents to 12.5 cents per share for calendar year 2012.

  • Net income jumps at Bank of Napa for 2011

    January 19th, 2012

    NAPA – Bank of Napa, N.A. (OTCBB: BNNP) announced today that its net income for 2011 was $1.14 million, an increase from $247,000 in the previous year and one the bank attributed to “strong core deposit growth.”

  • Nicholas promoted to president of Redwood Trust

    January 12th, 2012

    MILL VALLEY — Brett Nicholas, a nearly 16-year employee of Redwood Trust Inc. (NYSE: RWT), has been appointed president of the real estate investment trust.

  • Business acquisition financing: What lenders want

    January 9th, 2012

    n 10 years of selling private businesses, financial leverage has consistently been one of the key success factors in expanding the pool of buyers and closing deals. Fortunately for business owners, the SBA loan guaranty program is an excellent funding source for deals up to $5 million. And, lenders are lending now.

  • American AgCredit grows to sixth in nation after merger

    January 5th, 2012

    American AgCredit, the farm lending giant headquartered in Santa Rosa, has merged with Colorado-based Farm Credit Services of the Mountain Plains.

  • Oculus to raise $2 million in stock offering

    December 23rd, 2011

    PETALUMA — Oculus Innovative Sciences, Inc. (Nasdaq:OCLS) today said it has received commitments to purchase aboout $2 million company stock in a registered direct offering set to close next week.

  • Banking and finance: Circle Bank to educate Keiretsu-funded startups; 30% solar grant to end

    December 19th, 2011

    Novato-based Circle Bank has partnered with Keiretsu Forum, said to be the world’s largest angel investor network, to provide financing advice to startup and early-stage companies in the North Bay and San Francisco. … Adam Capital, a Sonoma-based lender specializing in financing small-scale solar projects, is urging solar companies to act before the window closes on a 30 percent federal grant on solar projects at the end of this year. … Westamerica bank is making preparations to move its branch in Ignacio near its current location in the Pacheco Plaza shopping center early next year, said Robert Thorson, the bank’s chief financial officer. … Community First Credit Union signed up the greater number of new members in November than in any month in its 50-year history, beating a record set in October. … The U.S. Small Business Administration is hosting a free web seminar on Dec. 15 to help small business owners prepare for the end of the 2011 tax year. … Images in Motion, a Sonoma-based studio specializing in puppets for television, is filming a series of commercials for Hawaiian Tel Federal Credit Union to “explain the benefits of credit union services to customers on the Big Island.”

  • Bay Commercial Bank plans Napa branch in Q1 2012

    December 14th, 2011

    NAPA — Walnut Creek-based Bay Commercial Bank (OTCBB: BCML.OB) announced this week that it has received regulatory approval to open a full-service branch in Napa.

  • River Rock completes restructuring of debt

    December 14th, 2011

    GEYSERVILLE — River Rock Entertainment Authority, which operates the River Rock Casino, announced today is has completed the restructure of $200 million in debt after obtaining approval from 95 percent of note holders.

  • People: Week of Dec. 12, 2011

    December 12th, 2011

    Banking and Finance Summit State Bank  hired Britt Cooper as its senior vice president branch relationship manager. Mr. Cooper has 28 years of banking experience in Sonoma County. He has been a branch manager and commercial banker, both with the vice president title. He has his Master’s Degree in organizational development and human resources from [...]

  • Keiretsu Forum partners with Circle Bank in North Bay, S.F.

    December 8th, 2011

    NOVATO — Circle Bank today announced it has partnered with Keiretsu Forum, said to be the world’s largest angel investor network, to provide financing advice to startup and early-stage companies in the North Bay and San Francisco.

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