North Bay Business Journal

  • Willis Lease Finance agrees to buy $300 million aircraft for move into regional airlines

    September 2nd, 2010

    NOVATO — Aircraft and engine lessor Willis Lease Finance Corp. (Nasdaq: WLFC) today said it signed a memorandum of understanding with an Italian-Russian aviation joint venture to spend an estimated $300 million on six jets tailored to regional airlines with an option to purchase four more.

  • Sonoma Bank parent Sterling closes $730 million cash infusion

    August 30th, 2010

    NORTH BAY — Sterling Financial Corp., parent company of Sonoma Bank in Santa Rosa and Sterling Savings Bank, last week completed a transaction raising $730 million, bringing the bank to the required capital ratios set by regulators and leading the institution on the road to recovery.

  • San Rafael-based Central Payment expands with new processing partner

    August 30th, 2010

    SAN RAFAEL — Central Payment, a San Rafael-based transaction processing service, said more than 11,000 merchants have become new customers since it began offering the First National Merchant Solutions processing platform service in December 2009.

  • Cash-positive, ‘marquee’ wine assets dominate industry M&A

    August 30th, 2010

    North Coast “marquee” wine labels and cash-flowing brands and other assets are more dominant in the deals getting done these days than discount transactions on troubled assets, according to a top wine industry transaction adviser.

  • Westamerica assumes control of Sonoma Valley Bank

    August 20th, 2010

    Regulators shut down troubled Sonoma Valley Bank on Friday, the latest in a growing line of banks across the country to crumble under the weight of bad loans.The Sonoma-based bank’s three branches will reopen Saturday under an agreement brokered by regulators with Westamerica Bank, which is assuming Sonoma Valley’s assets and liabilities.

  • Sonoma Bank parent raises $730 million

    August 20th, 2010

    SPOKANE, Wash. — Sonoma Bank parent company, Sterling Financial Corporation, announced agreements today to raise a total of $730 million in new capital from institutional, private equity and other accredited investors, exceeding the goal set by regulators and major step forward in the financial institution’s recovery efforts, officials said.

  • Experts see rise in inquiries on offshore accounts

    August 16th, 2010

    NORTH BAY – Tax attorneys and planners are being inundated by inquiries from clients with what they believed were perfectly innocent offshore accounts as the federal government seeks to crack down on intentional tax evasion.

  • Banking & Finance: Bank of Napa sets milestone; Summit reports $506,000 profit

    August 16th, 2010

    Bank of Napa reported its first profitable quarter in the bank’s history with a net income in the second quarter of $57,000 compared to the second quarter loss of $136,000 in 2009.

  • Sonoma Valley Bancorp agrees to Fed order

    August 9th, 2010

    SONOMA — Sonoma Valley Bancorp, parent company of Sonoma Valley Bank, has entered into agreements with the Federal Reserve Bank of San Francisco to shore up the institution’s balance sheet.

  • Solano supervisors delay energy loans

    August 9th, 2010

    NORTH BAY – The Solano County Board of Supervisors has decided to hold off investing in an energy loan financing program under Assembly Bill 811 until after the federal officials clear up the regulations the Federal Housing Finance Authority has put on the programs.

    • « Older Entries

Site Index

Industry News
Events
Mobile

Tags