Banking and Finance news from the Business Press. The Business Press is your trusted source for Southern California County and Inland Southern California business news. The Business Press chronicles new business developments, profiles newsmakers and keeps tabs on the booming Inland Southern California economy. Read this News Section...
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As a result of commercial loans that have soured during the recession, large financial institutions and community banks have tightened standards and pulled back on lending in an effort to increase their reserves and stem further loan losses. Read Full Artice...
As federal lawmakers debate ways to create jobs by getting more money into small businesses, including convincing wary banks to make loans, company operators like Rick Jackson, of Temecula, are fighting for their financial survival. Read Full Artice...
The Small Business Administration has proposed a procurement set-aside rule that would give women business-owners more opportunities in federal contracting. Read Full Artice...
Arrowhead Credit Union announced Tuesday its subsidiary Arrowhead Financial Group had completed the sale of Sawyer Cook Insurance to First Line Insurance Services for an undisclosed amount. Read Full Artice...
Stater Bros. Supermarkets will add Chase bank branches to 13 stores, according to a statement from the San Bernardino-based grocer.
On Monday, bank branches inside the grocery stores opened in Chino Hills (14250 Chino Hills Pkwy. Read Full Artice...
Local professionals will offer advice on a variety of financial topics at a series of free seminars held Saturdays at the Highland Public Library at 7863 Central Ave. in Highland. Read Full Artice...
Temecula Valley Bank failed in July because its board and management failed to adequately monitor and control risks in a portfolio concentrated in commercial real estate loans, federal regulators said in a report released this week. Read Full Artice...
Bucking a recent trend that has seen Security Bank of California and Premier Service Bank report significant losses, Chino Commercial Bancorp and its subsidiary, Chino Commercial Bank, announced doubled digit earnings increases for both the. Read Full Artice...
Many Inland small businesses are hoping to take advantage of the latest wave of stimulus money, but some may find that jumping through bureaucratic hoops to obtain government contracts takes time and money. Read Full Artice...
Like banks nationwide, Inland-based institutions spent the final quarter of 2009 licking their wounds, cutting their losses and taking steps to ward off potential future fallout from problem loans. Read Full Artice...
Though the worst is past, local and regional credit union experts say the nonprofit cooperatives have begun 2010 much the same way they ended 2009: bracing for more tough months ahead as the Inland economy slowly recovers. Read Full Artice...
According to a gloomy industry forecast, the challenges faced by the Inland region's community banking institutions last year are not expected to improve until at least 2011. Read Full Artice...
Signaling a potential shift in the economic climate, lending by the U.S. Small Business Administration dramatically increased during the last three months of 2009. Read Full Artice...
More than 126,000 homes in Inland Southern California received a foreclosure-related notice last year, which was about seven times as many as in 2006 but only 12 percent more than in 2008. Read Full Artice...
The Inland region led the state in hotel foreclosures last year, according to a year-end study by hotel brokerage and research firm Atlas Hospitality Group in Irvine.
In Riverside County, there were 10 hotel foreclosures and 22 defaults. Read Full Artice...
After only seven months, a little known regulation that was supposed to eliminate conflicts of interest in determining home values has changed how many appraisers do business in the Inland Empire, and some are expressing concerns that it has hurt the. Read Full Artice...
Inland home foreclosures in November declined for the fourth consecutive month, as banks continued to work with borrowers to avert repossessions. Read Full Artice...
With the current climate in bank lending as credit lines have dried up, there are few alternatives these days for small and mid-size businesses in need of capital.
"This is a tough time for anybody to find financing," said Richard Smith, Philip L. Read Full Artice...
