Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Cast & Crew Launches Production Loan Unit

Cast & Crew Entertainment Services has started a new division to provide government incentive-backed financing for film and television productions.

East West Completes MetroCorp Acquisition

East West Bancorp Inc. said it had completed its acquisition of MetroCorp Bancshares Inc. in a deal that deal increases its presence in Houston and gives it its first branches in Dallas and San Diego.

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Namvar Victims Say They’re Being Ripped Off Again

Bankruptcy: Creditors protest as lawyers, others submit huge bills.

Ezri Namvar’s investors were ripped off when his Ponzi scheme collapsed, and now they say they’re getting shorted again by the professionals in charge of recovering their money.

Nova, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week.

Venture Capital Upswing Bypasses L.A.

Venture capital activity in the United States increased overall last quarter and last year, but that trend skipped Los Angeles.

BBCN’s Min Steps Down as CEO

BBCN Bank on Thursday announced that Chief Executive Soo Bong Min had retired.

Pizza Rev Expands Outside California

Fast-casual pizza chain PizzaRev has signed franchise agreements for more than 20 new outlets in five states.

Cherokee Acquires Tony Hawk Line From Quiksilver

Cherokee Inc., the Sherman Oaks apparel and accessories brand-licensing company, has acquired the Tony Hawk and Hawk Signature apparel brands from Quiksilver Inc. of Huntington Beach for $19 million.

Fundraiser Ready to Sit and Spin

Tour de Pier to set up stationary bikes by beach for benefit.

Tour de Pier offers a different spin on cancer fundraisers with its stationary-bike benefit by the beach.

Medbox Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Dow Falls; LABJ, Nasdaq, S&P Rise

The Dow Jones industrial average closed down almost 8 points to 16,437 in Friday trading. The Nasdaq rose 18 points to 4,175. The S&P rose more than 4 points to 1,842. The LABJ Stock Index rose 2.11 points to close at 183.12.

New CEO at Community Bank

Pasadena-based Community Bank has named David R. Misch as its chief executive, replacing David Malone.

Prospect Mortgage Acquires Connecticut Firm

Prospect Mortgage on Monday said it has acquired Diamond Mortgage Group in Connecticut.

CytRx, NetSol Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed up slightly for the week.

Signature Group Votes Reincorporate in Delaware

Signature Group Holdings Inc. said its shareholders have approved a proposal to reincorporate in the state of Delaware, the latest effort to reinvigorate the Sherman Oaks holding company.