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Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

Partners Bank of California Expands to Beverly Hills, First Time Outside Orange County

Mission Viejo, Calif.-based Partners Bank of California announced plans to open a branch in Beverly Hills, its first outside of Orange County.

Intrepid Advises on Sale of Electric Vehicle Maker Artisan

Brentwood-based Intrepid Investment Bankers, a regional middle market investment banking firm, advised on this month’s sale of Camarillo, Calif.-based Artisan Vehicle Systems Inc., a zero-emission electric battery-powered equipment manufacturer.

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Skyview Capital Completes Acquisition of Customer Care Assets of Conduent

Century City investment firm Skyview Capital, run by Platinum Equity alum Alex Soltani, closed Feb. 14 on his biggest private equity acquisition ever for the 14-year-old Skyview − a carve out from Florham Park, N.J.-based Conduent Inc.

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CBB Announces Resignation of CFO

CBB Bancorp Inc., parent of Commonwealth Business Bank, announced Tuesday that J. Duncan Smith has resigned from his position as chief financial officer, effective Feb. 8, to pursue other interests.

Family Ties Bind Bank

FINANCE: Farmers & Merchants maintains growth

Farmers & Merchants Bank keeps it in the family.

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Krost Adds West L.A. Accounting Firm to Roster

Deal for Gaynor & Umanoff gives Pasadena-based firm first Westside outpost

Location, location, location factor in Krost buy of Gaynor & Umanoff.

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Issuance Acquires FinTech Marketing Outfit CrowdFundX

Financial marketing firm CrowdfundX, operating in Sawtelle, announced an acquisition by West L.A.-based digital investment firm Issuance Inc. Feb. 7.

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UPDATED: CVB Financial to Close 10 Branches Through May

Ontario-based CVB Financial Corp., parent of Citizens Business Bank, which just pushed to a nearly $12 billion-in-asset banking behemoth following its August purchase of Community Bank in Pasadena, recently disclosed that it is in the beginning stages of a branch consolidation affecting 14 percent of its brick-and-mortar locations.

Goat Gets $100M Investment From Foot Locker

Tennis shoe giant Foot Locker Inc is betting big on a secondary sneaker market brand based in Culver City that’s created buzz with an app that helps sellers and buyers avoid counterfeits.

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TriLinc Global Invests $18M in South America Projects

Manhattan Beach-based TriLinc Global Impact Fund has approved $18 million in trade finance to three South American borrowers.

Chiang Moves to Private Sector

FINANCE: Former state treasurer racks up board appointments, joins law firm

John Chiang finds footing in private sector after stint as state treasurer.

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March Capital Closes $300 Million Fund

Second fund for venture capital firm comes after exits from $240M vehicle

March Capital Partners closes $300M fund.

OpenGate Accelerates Deal Pace

Private equity firm announces lock-maker acquisition, zinc co. bolt-on

Century City-based private equity firm OpenGate Capital reported a substantial pick up in transaction activity in January.

Sawtelle-Based Vance Street Capital Scoops Up Applied Plastics

Vance Street Capital, a Sawtelle-based private equity firm, announced Jan. 31 it acquired Applied Plastics for undisclosed terms.

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Gores Metropoulos Files for $375 Million IPO

Latest is Gores' fourth blank check company

Beverly Hills-based Gores Metropoulos Inc., a blank check company formed by the Gores Group, plans to raise $375 million by offering 37.5 million units at a price of $10.

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