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Business acquisition financing: What lenders want
January 9th, 2012n 10 years of selling private businesses, financial leverage has consistently been one of the key success factors in expanding the pool of buyers and closing deals. Fortunately for business owners, the SBA loan guaranty program is an excellent funding source for deals up to $5 million. And, lenders are lending now.
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First Community leaps to No. 1 on SBA list as lending overall rises
December 5th, 2011NORTH BAY — Santa Rosa-based First Community Bank loaned the greatest amount of dollars to small businesses in the North Bay through the U.S. Small Business Administration’s 7(a) program in the 2011 fiscal year, jumping 10 places ahead to No. 1 and joining a wave of lending both locally and across the country.
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Difficult 2011 harvest not having big lending impact
November 14th, 2011The 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.
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Banking: Berthinier, Davis join North Valley Bank; Wells CEO addresses economy
November 7th, 2011Joining the staff are Dianna Berthinier, who joined as senior vice president and regional manager in August; Terrance Davis, who joined as senior vice president and business banking officer in September; and Brian Rose, who also joined in September as vice president and commercial loan officer.
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Comerica Bank hires ex-Wells adviser Clark to grow footprint
April 18th, 2011SANTA ROSA — Comerica Bank has hired Jeff Clark, formerly with Wells Fargo, as vice president of commercial banking in an effort to expand the bank’s footprint in the North Bay.
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Spotlight: Leaders in Commercial Banking in 2011
January 31st, 2011Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)
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Banking & Finance: Veteran banker Williams joins Sonoma Bank
October 18th, 2010Veteran North Bay banker Jamie Williams has joined Sonoma Bank as commercial banking regional director. … Wells Fargo’s San Francisco-based economist Gary Schlossberg noted Sonoma County has about 200 food processors, an industry posting 3 percent growth. … Bingham, Osborn and Scarborough LLC, a wealth management firm with offices in San Francisco and Silicon Valley, has opened a new office in Healdsburg. … Umpqua Bank officially announced its first Santa Rosa location.
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Wells Fargo’s Sullivan promoted; banking veteran Kimball to take post
November 24th, 2009SANTA ROSA — Michael Sullivan, regional vice president in the north coast regional commercial banking office of Wells Fargo, is stepping out of his role and joining the Global Financial Institutions to U.S. Banks — also part of the Wells Fargo family. He will begin in his new position Feb. 1 and will be working out of the Bay Area.
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Kimco sells Vallejo shopping center
June 15th, 2009Kimco Realty Corp., one of the nation’s largest shopping center owners, sold a 66,000-square-foot shopping center in Vallejo to a Southern California investor for $12.9 million in what is thought to be the first such sale in Northern California this year.
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Marin Commons foreclosure sends shudders
June 15th, 2009The foreclosure on one of the North Bay’s largest commercial properties earlier this month brought home a national debate over whether commercial mortgages will be the next wave of problems for the economy.
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