North Bay Business Journal

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  • Business, education partnership advances in San Rafael

    March 12th, 2012

    An effort to foster a mutually beneficial partnership between the business and education communities in San Rafael reached an important milestone this month, after the formation of a 12-member business advisory group and the first meeting between that group and leaders from the San Rafael City Schools.

  • Summit State Bank receives national community bank award

    March 7th, 2012

    SANTA ROSA – The Washington D.C.-based bank industry group, the American Bankers Association, has awarded Santa Rosa-based Summit State Bank (NASDAQ: SSBI) with its national Community Bank Award for Fundraising for Foundations and Local Groups.

  • 2012 Top Wealth Managers survey ends April 27

    March 2nd, 2012

    The North Bay Business Journal is proud to partner with NABCAP (National Association of Board Certified Advisory Practices), a national nonprofit, to share the North Bay’s top wealth managers with our readers in Sonoma, Napa, Marin and Solano counties.

  • PG&E offers rate reduction to spur economic development

    March 1st, 2012

    Pacific Gas and Electric Co. today announced it asked state regulators for the right to offer a competitive electric rate to attract large employers to California and convince other large employers already in the state to maintain or expand their operations rather than leave.

  • Sterling, parent of Sonoma Bank, acquires First Independent

    March 1st, 2012

    SPOKANE, Wash. — Sterling Financial Corporation (NASDAQ: STSA), the Washington-based parent company of Sonoma Bank in Santa Rosa, filed a report with regulators today describing that its principal operating subsidiary, Sterling Savings Bank, had completed the previously announced acquisition of First Independent Bank in Vancouver, Wash.

  • RCU seeks high schoolers for spring financial literacy program

    February 28th, 2012

    SANTA ROSA — Redwood Credit Union will offer its sixth Financial Academy this March, a free high school financial literacy program that has graduated 172 students since it began in 2009.

  • Summit State Bank donates $43,500 to local nonprofits

    February 28th, 2012

    SANTA ROSA — Summit State Bank (NASDAQ: SSBI) announced today that it had donated more than $43,500 to 74 Sonoma County nonprofit organizations in the first part of this year through its Nonprofit Partner Program.

  • Redwood Trust reports fourth-quarter loss, full-year gain

    February 27th, 2012

    MILL VALLEY — Redwood Trust (NYSE: RWT), the 18-year-old real estate investment trust headquartered in Mill Valley, today reported a net loss of $3 million in the final quarter of 2011. Yet for the year ending Dec. 31, Redwood Trust earned $25 million.

  • Circle Bank donates 50,000 pounds of food to local food banks

    February 23rd, 2012

    NOVATO – In celebration of its 50th profitable quarter, Novato-based Circle Bank announced today that it will donate 50,000 pounds of food to two Bay Area food banks, the San Francisco and Marin Food Bank and the Redwood Empire Food Bank.

  • ‘Defective’ trusts may boost 2012 tax exemptions

    February 20th, 2012

    Keeping a family-based wine or vineyard business alive from one generation to the next is difficult enough, seen in a recent industry survey that one in three vintners wants to get out in coming years, but many small to relatively large family operations may be able to avoid an estate-tax “liquidity crisis” by accelerating transfers of business assets to a multigenerational trust under federal tax law provisions currently set to end this year.

  • Bank of Marin digs deeper into wine

    February 20th, 2012

    NOVATO — Bank of Marin is making a determined effort to extend the wine-related expertise of its commercial lending team into the industry with expansions into Napa and Sonoma counties over the past 12 months.

  • AltaPacific completes Stellar merger

    February 17th, 2012

    SANTA ROSA — AltaPacific Bancorp. (OTCBB: ABNK) today announced it has completed a merger with Covina-based Stellar Business Bank, a move first announced in September and approved by shareholders earlier this month.

  • Redwood Credit Union posts growth in 2011

    February 17th, 2012

    SANTA ROSA — Redwood Credit Union posted growth across several fronts in 2011, adding members and assets while opening four branches in Sonoma County.

  • Sonoma Bank, Sterling cut staff 6%

    February 17th, 2012

    SANTA ROSA — Sterling Financial Corp., the Spokane Wash.-based parent company of Sonoma Bank and Sterling Savings Bank, has cut 6 percent of staff across all levels of its 175-branch organization, according to a company spokeswoman.

  • North Bay foreclosures dip in January

    February 16th, 2012

    NORTH BAY — The proportion of homes in foreclosure in the North Bay last month was below the state average in four of the six counties, with the number of properties at risk of going back to lenders falling throughout the region in recent months, according to a report released today from foreclosure data compiler RealtyTrac.

  • Business News: Week of Feb. 13, 2012

    February 13th, 2012

    Brief news about businesses and organizations in the north San Francisco Bay area

  • People: Week of Feb. 13, 2012

    February 13th, 2012

    Banking & Finance Jeff Gerlomes joined Bank of Napa, N.A. (OTCBB: BNNP) as vice president, marketing and relationship manager. Mr. Gerlomes  previously served on the bank’s  board of directors. He is a graduate of Sacramento State University, where he received B.A. He began his business career at American Savings and Loan where he served as a [...]

  • College of Marin receives warning from accrediting agency

    February 9th, 2012

    KENTFIELD – The College of Marin has been instructed to correct issues identified during an examination by the region’s community college accrediting body or face sanctions that could lead to or include a possible loss of accreditation.

  • 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.

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