Matt is a finance reporter covering venture capital and private equity.
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ACQUISITION: Canadian parent RBC plans to retain City National name, CEO.
Downtown L.A.’s City National Bank was officially acquired by Toronto’s Royal Bank of Canada on Nov. 2, but its local customers shouldn’t expect too much to change.
Making it on the list of 100 Fastest Growing Private Companies in Los Angeles County is hard enough to do once. Doing it multiple times is truly impressive.
PBB Bancorp, the parent company of downtown L.A.’s Premier Business Bank, announced late Thursday that it has received final approval from regulators for its merger with Big Bear Lake’s First Mountain Bank.
L.A.’s biggest bank is officially Canadian.
ACQUISITION: Citizens says Ventura market drew it to deal for institution.
Ontario to Ventura sounds like the commute from hell, but it was the right route to take for the Inland Empire’s biggest bank.
Fresh & Easy, the El Segundo grocery chain that debuted in 2007 to much fanfare as British supermarket giant Tesco’s entrée into the United States, is checking out.
INVESTMENT: Group more likely to rely on friends, family to guide strategy.
Plenty of business owners and real estate developers – particularly in Los Angeles – are keenly interested in the financial and investing habits of high-net-worth Chinese Americans.
NONPROFIT: Homeless participants in Chrysalis job program find employment at reopened Clifton’s Cafeteria.
Chrysalis’ job assistance program served to place homeless participants at the reopened Clifton’s Cafeteria.
Century City’s Breakaway Capital announced last Friday that it provided an $8.4 million senior secured credit facility to and made an equity investment in Lake Success, N.Y., urgent care clinic operator PM Pediatrics Management Group.
This story has been updated from a previous version. Two banks controlled by Downey entrepreneur Alex Meruelo are set to formally join forces.