September 22, 2014
NAPA and SANTA ROSA — Rabobank’s cooperative spirit and core values of integrity, respect, professionalism and sustainability have helped it thrive during challenging times.
March 24, 2014
FICO, a Silicon Valley predictive analytics company known for its credit-score modeling, plans to merge with a Novato-based developer of business data modeling started by former FICO employees. …
Standard & Poor’s Rating Services upgraded county of Napa certificates of participation rating from “AA” to “AA-plus.” …
Redwood Credit Union named Tom Hubert as wealth management program director. …
The parent company of Bank of Marin appointed financial industry veteran and Belvedere resident James Hale to its board of directors. …
Pamela Norris joined Wells Fargo Private Bank as senior private banker in its Corte Madera office. …
A national market research firm presented Rabobank, NA, with its annual consumer-advocacy award. …
International payment processor TSYS increased its ownership stake in San Rafael-based Central Payment. …
February 26, 2014
The 2013 North Coast harvest wasn’t quite as robust as 2012, yet looking selectively at key North Coast appellations and varietals, we can see the stunning back-to-back turnaround from the weak 2011 harvest.
With the 2013 grapes rolling in and tank space still filled with 2012 and in short supply, wineries were faced with the logistical question of what to do with all those grapes. Now, that harvest is behind us, the question has become, what to do with all that wine.
Now that wineries are again sitting on healthy inventory levels, it is important to understand the prevailing global conditions and how those might impact a winery’s effort to allocate inventories to various channels.
Case sales volume continues to grow, and we expect industry revenue growth to improve, with the high-end strengthening even more. Yet, there will be headwinds for wineries attempting to raise prices.
February 17, 2014
Rabobank is planning to move its Santa Rosa office to a new branch in Santa Rosa’s Railroad Square district. …
Bank of Marin hires Ruth Edwards to lead Napa, Sonoma Valley lending. …
January 27, 2014
Leaders at North Bay lending institutions, listed in alphabetical order: AltaPacific, American River Bank, Argent Bank, Bank of America, Bank of Marin, Bank of Napa, Bank of the West, Comerica Bank, Exchange Bank, First Community Bank, First Northern Bank, JPMorgan Chase, Luther Burbank Savings, Mechanics Bank, North Valley Bank, Presidio Bank, Rabobank, Redwood Credit Union, State Assistance Fund for Enterprise Business and Industrial Development Corporation (SAFE-BIDCO), Silicon Valley Bank, Summit State Bank, Travis Credit Union, Umpqua Bank, Union Bank, U.S. Bank, Warren Capital Corp., Wells Fargo and Westamerica Bank.
November 27, 2013
Foreign currency volatility can be a challenge for any California winery trading abroad. Whether importing barrels or bulk wine, the lack of certainty in U.S. dollar cost can adversely impact a winery’s bottom line.
As a result of sharp valuation undulations between the U.S. dollar and euro, California wineries have turned to foreign-exchange hedging products, such as forward contracts, to protect their profit margins.
Wineries that buy or sell products into Europe or other foreign markets have many options when considering foreign-exchange (forex or FX) hedging.
The most common hedging product utilized by California wineries is an FX forward contract. Variations are “plain-vanilla,” “window” and nondeliverable forward contracts.
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.
April 29, 2013
April 10, 2013: Rabobank held a Wine Industry Reception at Vintner’s Inn in Santa Rosa
April 22, 2013
Shipments of wine directly to consumers from wineries in Napa and Sonoma counties, accounting for 69 percent of such shipments from U.S. sources, last year grew at 8.0 percent and 10.1 percent in value, respectively, helping push U.S. winery-to-consumer shipment value past that of wine exports for the first time, according to a new study. …
Prices of bulk wine imported into the U.S. may decline while global supply is tightening, according to one new report from agrilender Rabobank International. …
San Francisco-based Bacchus Capital Management on Thursday said it provided an undisclosed amount of “significant growth capital” to Madrigal Family Winery in Napa Valley. …
Jackson Family Wines continues its North Coast land acquisitions. …
Healdsburg-based graphic design and advertising firm Firefly Creative has experienced growth in demand from wineries seeking professional photo and video services as well as conversion of their websites to “responsive” design. …
Fetzer Vineyards, based in Hopland, California, hired Ben Byczynski as grower relations manager, North Coast. …
OFFbeat Brands of appointed three new sales executives. …
March 4, 2013
American River Bank, a subsidiary of American River Bankshares [NASDAQ-GS: AMRB], with the American River Bankshares Foundation awarded $147,500 to nine nonprofit organizations in Northern California, including Legal Aid of Sonoma County. …
Redwood Trust, Inc. (NYSE:RWT) declared a first-quarter regular dividend of 28 cents per share, the first increase in six years. …
Rabobank, N.A., launched a program that automatically rewards customers for everyday banking. …
Redwood Credit Union, in partnership with the Sonoma County Office of Education and Santa Rosa City Schools, plans to offer eighth free 16-hour Financial Academy sessions for Sonoma County high school juniors and seniors on March 19–21. …
The application deadline for the Doyle Scholarship at Santa Rosa Junior College, restored for the 2013–14 academic year, is March 14. …
Enphase Energy, Inc. (NASDAQ: ENPH) said the 902-kilowatt photovoltaic project at Strain Ranches in Arbuckle was successfully commissioned. …
February 18, 2013
NORTH BAY — Lenders to the North Bay wine industry are following demand for capital as it ripples outward from a record-breaking grape harvest in 2012, after a boost in cash flow allowed many vineyards to pay down working capital and other business debt.
January 28, 2013
Featured in this spotlight on commercial lenders are executives at American River Bank, AltaPacific, Bank of America, Bank of Marin, Bank of Napa, Bank of the West, Comerica Bank, Exchange Bank, First Community Bank, First Northern Bank, Luther Burbank Savings, JP Morgan Chase, Mechanics Bank, Presidio Bank, Rabobank, Silicon Valley Bank, Sonoma Bank, State Assistance Fund for Enterprise Business and Industrial Development Corporation (SAFE-BIDCO), Summit State Bank, Travis Credit Union, U.S. Bank, Umpqua Bank, Union Bank, Warren Capital, Wells Fargo and Westamerica Bank.
June 25, 2012
Barbara Vierra was appointed assistant vice president and customer service manager for Rabobank’s new Santa Rosa branch. …
Bank of Marin hired Matthew Bartlett as a vice president and commercial loan officer with expertise in wine industry lending. …
John Meislahn, vice president at Exchange Bank, was promoted to manager of the newly formed Sales and Business Development Department. …
Paul Nightingale has been appointed as country manager for Enphase Energy, Inc. as the company enters into the United Kingdom solar energy market. …
Lloyd Miyawaki, M.D., medical director at Marin General Hospital’s Marin Cancer Institute, was honored by the Marin Prostate Cancer Information and Support Group with the group’s prestigious Physician Award. …
Silverado Resort and Spa hired Stacey Turner as its new wedding specialist. …
Jenay Cottrell has joined LITA (Love is the Answer) in Marin as executive director. …
Rebecca Geschwender joined Grgich Hills Estate as California sales manager. …
April 23, 2012
Rabobank, N.A. opened a new branch and agribusiness center in downtown Santa Rosa last week, marking a third branch for the bank in the North Bay. The Roseville-based bank opened the branch to better serve existing clients in Santa Rosa and to help grow an expanding agribusiness lending team lead by Senior Vice President and [...]
April 16, 2012
SANTA ROSA – Rabobank, N.A. opened a new branch and agribusiness center in downtown Santa Rosa today, the third in the region after branches in Sonoma and Napa.
January 19, 2012
SANTA ROSA — The tightest inventory of top varieties of wine available for purchase in bulk in a dozen years and a dwindling supply of those winegrapes could extend the rise in pricing for those fine-wine components into this year, but wineries are hard-pressed to pass those cost increases to consumers who are continuing to look for discounts, according to experts at a major local wine industry seminar this morning.
July 11, 2011
SANTA ROSA — The high cost of complying with burgeoning regulation will be the cause of even more bank consolidation than has occurred as a result of the recession, experts say.
May 23, 2011
Washington-based Sterling Financial, the owner of Sonoma Bank and whose future was uncertain just a year ago, has quickly returned to profitability. … Julie Stears has been appointed vice president and manager of Rabobank’s Napa branch. … Summit State Bank has been awarded the honor of being one of California’s “Premier” Performing Banks for 2010 by The Findley Report.
January 31, 2011
Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)
October 25, 2010
Rabobank, a nationally chartered financial institution with more than $10 billion in assets, made the move into the North Bay earlier this year with the purchase of Napa Community Bank and is continuing the expansion with a branch in Sonoma. … Sean Cutting, the former president and chief executive officer of Sonoma Valley Bank, has joined Rabobank N.A. as senior relationship manager. … Redwood Credit Union has brought on Bobbi Beehler as its new executive director for RCU Services Group, which offers consumer and business insurance through RCU Insurance Services and auto locating and purchasing through RCU Auto Services.
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