November 25, 2013
Winning companies, listed in alphabetical order: Agilent Technologies, Burr Pilger Mayer, Codding Investments, EPIC Insurance Brokers & Consultants, Exchange Bank, Ghilotti Bros., JDSU, Kaiser Permanente, LEMO USA, Osmosis Day Spa Sanctuary, Pacific Union College, Petaluma Health Center, Raydiance, Redwood Empire Schools Insurance Group, Redwood Regional Medical Group, Santa Rosa & Rohnert Park Oral Surgery, St. Joseph Health, Sutter Pacific Medical Foundation, Trinchero Family Estates & Sutter Home Winery, W. Bradley Electric and Wells Fargo Insurance Services.
November 11, 2013
Wine industry lenders in the North Bay have seen another uptick in borrower demand in the latter half of 2013, driven in part by a need to process a harvest that appears to rival last year’s crop and a continuing trend of mergers and acquisitions throughout the industry, according to those lenders.
October 28, 2013
Sonoma County Economic Development Board is advancing in its effort to assist very small “micro-enterprise” companies in their access to capital, with plans to begin rolling out a targeted technical assistance program before the end of this year. …
Improving loan quality has helped Santa Rosa’s Exchange Bank to realize a profit of $11.43 million for the first nine months of 2013 — up 27 percent compared to the same period last year, the bank announced. …
Bank of Marin Bancorp, parent company of Bank of Marin, announced a 25 percent increase in third-quarter earnings compared to the same three-month period in 2012. …
After a profitable third quarter including growth in its loan portfolio, Bank of Napa N.A. has exceeded $150 million in assets for the first time in its seven-year history. …
October 18, 2013
SANTA ROSA — Improving loan quality has helped Santa Rosa’s Exchange Bank to realize a 27 percent increase in net income for the first nine months of 2012 compared to the same period last year, the bank announced.
September 23, 2013
Lenders in the North Bay said they are watching closely as federal regulators make tweaks to a new set of mortgage rules that will go into effect in January of next year, considering what impact those rules may have on their operations amid others connected to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
August 26, 2013
For the second year, the North Bay Business Journal surveyed wealth management advisers across the North Bay on three questions related to the investment climate today and long-term.
August 21, 2013
SANTA ROSA — One year after announcing that it would reinstate the quarterly shareholder dividend that funds the Doyle Scholarship at Santa Rosa Junior College, the board of directors of Santa Rosa’s Exchange Bank voted to increase its dividend by 20 percent, the bank announced today.
August 14, 2013
The Business Journal on Wednesday announced a record 75 recipients for its eighth annual Best Places to Work.
More than 6,000 employees completed the required anonymous online satisfaction survey, and thousands of comments were collected in the process.
July 29, 2013
While the recent adoption of new capital reserve and leverage guidelines for U.S. banks offered lenders a bit of regulatory clarity this month, North Bay bankers said time will tell how those rules play out amid the bevy of new regulations that followed the recent financial crisis.
July 17, 2013
SANTA ROSA — Net quarterly income at Santa Rosa’s Exchange Bank was up 34 percent comparing the three month period ended June 30 to the same period last year, driven largely by new loans and improvements to asset quality, the bank announced today.
July 1, 2013
Santa Rosa’s Exchange Bank has recently made a number of business development hires and reassignments, part of a longer-term effort that included the creation of a formal business development department last July. …
Santa Rosa-based Community First Credit Union has launched a new Web-based money management program, responding to demand for increasingly sophisticated technology and services that were once only in reach for the largest national banks. …
Wells Fargo Bank has made a big push in the home mortgage realm, and recent data compiled by the North Bay Business Journal shows that the North Bay is no exception. …
Scott Chisholm, a managing director at Mill Valley’s Redwood Trust, Inc. (NYSE: RWT) will resign July 1. …
May 20, 2013
NORTH BAY — While the Dow Jones Industrial Average’s record-breaking close above 15,000 was a highly watched milestone this month, wealth managers in the North Bay expressed caution. Those broader market gains are no doubt good for many investors, they said, but it is the ones with a long-term strategy who have stayed in the markets during the past few years of downturns that are reaping the greatest rewards.
April 22, 2013
Exchange Bank announced its after-tax income for the first three months this year was 9 percent higher than a year before, partly attributed to improvements in efficiency and loan quality. …
A low interest rate environment a fierce competition for loans was cited for a decline in first quarter earnings for San Rafael-based Westamerica Bank, with parent company Westamerica Bancorporation announcing net income had fallen 17.6 percent versus the same period last year. …
Terry Davis has joined Santa Rosa’s SAFE-BIDCO as chief financial officer, his latest leadership role in a long history as a North Bay banking executive. …
Kimberly Kaselionis, who served as CEO of the former Circle Bank, has joined her mother, Kit Cole, as an inductee in the Marin Women’s Hall of Fame. …
April 17, 2013
SANTA ROSA — Exchange Bank today reported its after-tax income for the first three months this year was 9 percent higher than a year before, partly attributed to improvements in efficiency and loan quality.
April 15, 2013
WINDSOR — Santa Rosa’s Exchange Bank is preparing to recast its Windsor branch as a testing ground for the future of brick-and-mortar banking, optimizing the location for an era when advanced ATMs and Web services have encroached significantly on the role of the traditional bank branch, executives said.
April 1, 2013
SANTA ROSA — Exchange Bank saved millions of dollars last year when it bought back nearly 45 percent of stock sold to the U.S. Department of the Treasury as part of 2008′s Capital Repurchase Program, partially unwinding its own involvement with the national initiative launched to boost capital at banks hit hard by the financial crisis.
March 25, 2013
While many businesses, homebuyers and individuals have benefited from the Federal Reserve’s continuing effort to keep interest rates low, that same economic policy — along with heightened pressure from regulators and tepid demand for new loans — has added up to a time of historic challenge for community lenders in the North Bay and beyond.
Executives at North Bay financial institutions said they saw no clear end for the current conditions.
March 25, 2013
Bank of Marin donated $25,000 to SchoolsRule–Marin, part of its pledge to allocate 35 percent of its total corporate giving to education-related organizations in 2013. …
After joining the board of directors for the Oakland-based Women’s Initiative for Self-Employment, Kimberly Kaselionis has worked to restart a specialized loan program for women entrepreneurs in Marin County that she helped launch while chief executive of the former Circle Bank. …
Santa Rosa’s Exchange Bank celebrated the 50th anniversary of its Trust & Investment Management department this month. …
Santa Rosa native Jonathan Graves has joined First Community Bank as vice president and commercial loan officer. …
March 18, 2013
As investigators continue to aggressively pursue allegations of business embezzlement in Sonoma County, regional fraud experts warn that many North Bay companies and nonprofits still lack the basic internal practices needed to catch and prevent those crimes.
February 4, 2013
Santa Rosa’s Exchange Bank announced that net income for all of 2012 had risen slightly versus income for 2011, meeting the bank’s projections despite a lukewarm demand for financing from both households and businesses. …
Net income at Novato-based Bank of Marin was up 14.5 percent in 2012 compared to 2011, with $17.8 million representing $3.28 per share, according to an announcement by the bank. …
Year-over-year net income rose 55 percent for Santa Rosa’s Summit State Bank, a period that president and CEO Tom Duryea called “the best year yet in our 38-year history.” …
Citing challenges of a low-interest-rate environment, San Rafael-based Westamerica Bank announced that 2012 net income had slipped 7.7 percent from 2011. …
Bank of Napa, N.A. announced record profit in 2012, with net income up by more than two-thirds from the year before. …
Dixon-based First Northern Bank announced that net income of $4.6 million for all of 2012 marked a 70.4 percent increase versus net income in 2011. …
Total assets as of Dec. 31 were $831.5 million, up $50.3 million — 6.4 percent — compared to one year prior. Total deposits were $730.8 million, up 7.6 percent from the same period in 2011. …
Annual net assets rose 15.82 percent for Santa Rosa’s Community First Credit Union comparing 2012 to 2011, reaching $150.63 million in a period of rapid growth for the lender, according to an announcement. …
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Top North Bay Real Estate Projects
With the simple criteria that they be projects available for occupancy in 2013, nominations were solicited from architects, contractors, commercial real estate and other professionals from around the North Bay.
From their nominations, the 17 winners were selected by the Business Journal editorial staff for recognition. Read details on what made these projects notable. [read profiles of the winning projects]
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