North Bay Business Journal

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  • Wine industry veteran DeLuca joins Wells Fargo

    April 9th, 2012

    SANTA ROSA – Wells Fargo (NYSE:WFC) has announced the hiring of Perry DeLuca as industry head and team leader for the Wine, Food & Beverage group in its Santa Rosa-based North Coast Commercial Lending Office.

  • Enphase IPO proceeds reach nearly $62 million

    April 4th, 2012

    PETALUMA — Photovoltaic panel microinverter maker Enphase Energy, Inc., (Nasdaq:ENPH) today said it closed its 4-day-old initial public offering of common stock, after selling 10.32 million shares, including all 1.345 million reserved for underwriters of the debut. Net proceeds from the sale of the shares, after deducting underwriters’ discounts and other estimated expenses of the [...]

  • Exchange Bank charts path to restore Doyle

    April 2nd, 2012

    SANTA ROSA – Executives at Santa Rosa’s Exchange Bank see at least two paths to restoring the bank’s shareholder dividend and with it the iconic Doyle college scholarship and are optimistic that one scenario could allow its reinstatement by the end of this year.

  • Business News: Week of April 2, 2012

    April 2nd, 2012

    Novato-based Hennessy Advisors, Inc. (OTCBB:HNNA) announced that the Hennessy Select SPARX Japan Smaller Companies Fund (symbol:SPJSX) has been named a 2012 Lipper Fund Award winner. … PowerCAD Drafting & Design opened in Rohnert Park. It is an experienced team of CADD (computer aided design and drafting) professionals that support AEC (architecture, engineering and construction) industries utilizing 2D and 3D AutoCAD and related software. … Hospice of Petaluma announced Clover Stornetta Farms as the new title sponsor for its 22nd annual benefit golf tournament. … Children in the North Bay can learn about clean and renewable energy thanks to a $100,000 grant from Pacific Gas and Electric Co. (PG&E) recently awarded to the Children’s Museum of Sonoma County. … Sonoma Valley’s Ledson Winery and Vineyards (www.ledson.com) recently took top honors at the 2012 San Diego International Wine Competition. … Dan and Marguerite Capp have signed a long-term lease for a wine tasting venue in the Curbside Café space on First Street in downtown Napa, across the street from the entrance to Napa Town Center shopping mall. … Customers strolling through Oliver’s Markets will soon have the opportunity to place yet another homegrown product in their shopping carts. … Assemblymember Jared Huffman presented his March Sustainable North Bay Award to Osmosis Day Spa Sanctuary, in recognition of the company’s environmentally responsible business practices and consumer products.

  • AltaPacific’s SBA pipeline enhanced with ‘preferred’ status

    March 30th, 2012

    SANTA ROSA — The U.S. Small Business Administration has approved the inclusion of AltaPacific Bank (OTCBB: ABNK) in its Preferred Lenders Program, a designation that streamlines the process for awarding SBA-backed loans.

  • Enphase stock price rises 22% on IPO

    March 30th, 2012

    PETALUMA — The price of Enphase Energy Inc. (Nasdaq: ENPH) common shares rose 22.3 percent to $7.34 at the close of trading Friday after the stock’s debut on Nasdaq Global Market.

  • Enphase prices shares at $6 for Friday IPO

    March 29th, 2012

    PETALUMA — Enphase Energy Inc. this evening announced the price of its initial public offering of stock on Friday at $6 a share.

  • Enphase cuts IPO price expectation 40%

    March 28th, 2012

    PETALUMA — Enphase Energy Inc. today said it anticipates pricing for its initial public offering of stock, expected this week, will be 40 percent lower.

  • AltaPacific announces shareholder dividend

    March 27th, 2012

    SANTA ROSA – AltaPacific Bancorp, parent company of Santa Rosa-based AltaPacific Bank (OTCBB: ABNK), announced today that company’s board of directors approved a 5 percent stock dividend per common share in April.

  • Sales taxes rise in Vallejo, Mendocino County and Fairfax

    March 27th, 2012

    NORTH BAY — A majority of new voter-approved sales tax increases taking effect in California on Sunday are in the North Bay.

  • Clairmail to be acquired for $173 million

    March 26th, 2012

    SAN RAFAEL — Mobile banking and payments software developer Clairmail Inc. today announced it entered an agreement to be acquired by a London-based publicly owned provider of mobile payment networks for $173 million.

  • Financial, nonprofit, schools join on financial literacy

    March 26th, 2012

    NORTH BAY — At a time of historic strain on funding for schools in California, a number of local and national efforts are underway to support training in what many say is an important and often overlooked life skill for young adults — personal finance.

  • If there’s pot, what is the lender’s responsibility?

    March 26th, 2012

    Lenders throughout California today face the risk of losing real estate collateral if that collateral is associated with illegal drugs.

  • Bank of Marin forming Sonoma advisory board

    March 26th, 2012

    NOVATO – With the formation of a dedicated advisory board for the city of Sonoma — and a Napa board in the works — Bank of Marin is furthering its efforts to grow in its newest North Bay markets.

  • Enphase prices shares for IPO

    March 16th, 2012

    PETALUMA — Enphase Energy Inc. suggested pricing for its planning initial public offering of stock, according to a regulatory filing.

  • February foreclosure rates beat state in four of six North Bay counties

    March 15th, 2012

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

  • Sonoma Bank, Sterling debut new logo

    March 13th, 2012

    SANTA ROSA — Sonoma Bank and Sterling Savings Bank, both subsidiaries of Spokane, Wash.-based Sterling Financial Corp., have begun rolling out extensive rebranding designed to help solidify Sterling’s one-brand model.

  • Aircraft engine lessor’s 2011 income grows

    March 12th, 2012

    NOVATO — Willis Lease Finance Corp. (NASDAQ: WLFC), a Novato-based lessor of commercial jet engines and related equipment, today reported net income grew 20 percent at the end of 2011 from a year before.

  • Copart announces two-for-one stock split

    March 12th, 2012

    FAIRFIELD — Vehicle salvage and reseller Copart, Inc. (NASDAQ: CPRT) announced today that the company’s board of directors has approved a two-for one split of its common stock, a change that will double the number of shares to approximately 126.8 million.

  • American AgCredit reports record 2011 earnings, dividend

    March 12th, 2012

    SANTA ROSA — American AgCredit today reported net earnings last year increased 88 percent from 2010 to a new record for the Santa Rosa-based agricultural lending giant.

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