September 9, 2014
NAPA — The Aug. 24 south Napa earthquake caused more than $80 million in damages and losses to wineries in the county, according to a wine-focused bank estimate presented Tuesday to Napa County officials.
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.
January 16, 2014
Producers of fine wine in the North Coast could benefit from stronger sales growth foreseen for this year after an overall decrease in growth in the past three, but higher costs of grapes and wine in recent years is squeezing the bottom line and increasing demographic shift away from the key group of consumers higher-end wine will moderate industry growth, according to the newly released Silicon Valley Bank’s annual industry forecast.
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.
May 27, 2013
Napa County’s wine producers enjoyed strong growth in case sales through their tasting rooms last year and even stronger growth in consumer spending on wine purchases at those venues, and membership in the county’s winery-based clubs is rebounding at a strong clip as visitors are convinced to become purchasing members, according to a recently updated annual survey of several hundred mostly North Coast vintners. …
St. Helena Hospital Napa Valley said it has entered into a new agreement with five orthopedic surgeons to expand round-the-clock care, including orthopedic trauma and fractures, minimally invasive joint replacement, and treatment of other orthopedic disorders. …
Napa was the 16th most popular U.S. travel destination in 2013, and the Rutherford Auberge du Soleil location was among the 42 California dining establishments on the list of the top 100 outdoor dining spots nationwide. …
Pacific Gas & Electric Co. has presented Napa’s Vintage High School with the largest award it offers through its Bright Ideas grant program, with the $10,000 gift planned to support the school’s Green Technology Pathway program. …
Emily Pickral-Papach of Chappellet Winery in Napa was the newest local inductee to the Court of Master Sommeliers (mastersommeliers.org), among four announced last week. …
Mira Winery last week ended a three-month experiment in underwater cellaring. …
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.
January 28, 2013
Sunny Hills Services, a private nonprofit organization with more than 15 programs throughout the Bay Area serving vulnerable children, youth, and their families, was recently named a recipient of a $5,000 grant by Umpqua Bank, through the bank’s “Joy of Giving” campaign on Facebook. …
Redwood Credit Union recently provided $7,787 to assist the American Red Cross with Hurricane Sandy relief efforts. Members and employees contributed more than $3,500 to the fund over the past several weeks, making donations at all 18 RCU branches or via an option in their online banking. …
Santa Rosa’s Food & Wine Trails, the 28-year-old tour division of the HMS Travel Group, announced that Tenuta dell’Ornellaia, one of Italy’s most lauded wineries, will be the winery host on Food & Wine Magazine’s fourth-annual Wine Voyage. …
The Angel Resource Institute and Silicon Valley Bank released their third-quarter Halo Report, a nationwide survey of angel group investment activity with data from CB Insights. …
2K Sports, based in Novato, announced that the company has reached an agreement with Major League Baseball, the Major League Baseball Players Association, and Major League Baseball Advanced Media to release Major League Baseball 2K13, the next iteration of the popular MLB 2K franchise. …
Santa Rosa-based Liquid Image announced completed development of the Ego Mini, a wi-fi equipped high-definition video sport/DVR/IP camera nearly half the size of the company’s Ego model, which is currently the smallest camera of the same application. …
Calling, downloading apps and surfing the web on the Verizon Wireless network is now easier and faster for residents and travelers in Sonoma County thanks to new cell sites in Healdsburg, Petaluma and Santa Rosa. …
December 10, 2012
Hot topics in the North Coast wine business in 2012 were rapid grape and bulk-wine inflation as bottle sales outstrip anticipated supply, an unexpectedly big, “perfect” harvest and a string of mergers and acquisitions. Dominating 2013 likely will be moderating supply pricing and accelerating M&A activity, according to experts.
November 12, 2012
A number of wine industry lenders in the North Bay have seen an uptick in demand for financing this year as wineries, vineyards and related industries seek to position themselves more strongly in a changed economy.
July 2, 2012
SANTA ROSA — Increasing competition, along with volatile U.S.-global economies and capital markets, are affecting the way wineries are being financed, according to banking and capital-management experts at the Moss-Adams LLP Wine Industry Financial Roundtable. The quarterly event attracted more than 65 CEOs, CFOs, winery owners and managers to the Vintner’s Inn on May 31.
April 23, 2012
NORTH BAY – Borrowers in the wine industry have found it easier to access financing recently, with industry lending experts citing a warming approach to commercial lending from traditional sources and an uptick in interest for specialty non-bank lending.
April 17, 2012
ST. HELENA — After strong sales growth last year, U.S. makers of fine wine could see somewhat moderated growth this year as an improving domestic economy and shrinking supply of grapes and wine may allow planned luxury bottle price increases stick in the marketplace, while global economic problems together with an increasing supply shortage may boost imported wine sales for the next few years, according to a highly watched annual wine industry forecast released today.
January 2, 2012
Unless the global and U.S. economies weaken, wine industry experts predict 2012 could be the year of the vineyard, considering a number of fine wine producers have worked through ample inventories, wine sales continue to grow and few new vines are going into the ground.
November 14, 2011
The cold 2011 season and wet harvest dampened North Coast crop yields by as much as one-third from norms by early estimates, and lenders are closely observing grower ability to make payments on crop and other loans with fewer tons to sell and higher vineyard-management costs.
April 27, 2011
The fine wine segment of the industry is at the beginning of a “long-term, steady growth phase,” with sales of such wines forecast to grow 11 percent to 15 percent from last year and wineries enjoying “marginally improving profitability,” according to a report released this morning by Silicon Valley Bank.
November 8, 2010
ROHNERT PARK – High-end cabernet and cars will be sideshows at the second North Bay Investor Summit, an event its sponsors hope will attract capital to aspiring startups in the area.
August 30, 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.
May 10, 2010
NORTH BAY – Summit State Bank in Santa Rosa reported net income of $540,000 for the first quarter. That is a decrease of $307,000 from the $847,000 reported the same quarter last year.
May 3, 2010
NORTH COAST — The high-end part of the wine industry will start to recover by the end of this year, with revenue growth this year for wines retailing for more than $20 a bottle of 8 percent to 12 percent from that of last year, according to an economic forecast released today by Silicon Valley Bank.
March 22, 2010
(Listed alphabetically by name)
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