SFV FINANCE

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

Valley Stocks Fall Along With Market

Public companies in the Valley region traded lower on Monday as the Dow Jones Industrial Average plummeted more than 1,000 points.

Gaspar Insurance Opens Simi Valley Office

Woodland Hills-based Gaspar Insurance Services has opened new offices in Simi Valley

Preview: Accounting Special Report

CPAs find new business in emerging sectors of the Valley economy.

Cast & Crew Acquires Payroll Firm

Entertainment accounting firm Cast & Crew announced Friday an agreement to acquire Media Services, a production payroll and management company for the entertainment industry.

Year-End Surge Delivers Strong Quarter to BlackLine

BlackLine Inc. beat Wall Street expectations on revenue and adjusted earnings in the fourth quarter.

Blackrock Divests 20 Percent of PennyMac Stock

Blackrock Inc., a New York asset management firm, has contributed its 20 percent of outstanding stock in PennyMac Financial Services Inc. to two charities.

FloQast Raises $40 Million in Growth Capital

Accounting software developer FloQast has raised $40 million in a series C funding round.

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Velocity Financial Goes Public

Velocity Financial Inc. in Westlake Village went public on the New York Stock Exchange.

Infinity Capital in Woodland Hills Acquired

A New Jersey alternate lender has acquired the merchant portfolio of Infinity Capital Funding, a San Fernando Valley firm providing loans and cash advances to small businesses.

Orange County Company to Buy Valley Securities Firms, Pending FINRA Approval

A Newport Beach investment holding company plans to acquire two securities broker dealer firms in the San Fernando Valley.

B. Riley, Kayne Anderson Finance Furniture Chain Acquisition

A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.

Wescom Credit Union to Debut Rose Parade Float

Wescom Credit Union announced it will debut a float in next week’s Rose Parade.

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Westlake Village’s One Capital Management Acquired by Canadian Company

Canadian wealth management company CI Financial Corp. announced Monday it has acquired a majority interest in One Capital Management, an investment advisory firm in Westlake Village. Financial terms of the deal were not disclosed.

Jury Convicts Valley Residents in $126 Million Toner Scheme

A federal jury has found seven people – including three from the Valley region – guilty of conspiracy and mail fraud for participating in a decades-long, $126 million telemarketing scheme targeting thousands of small businesses, agencies and charities.

Camarillo Man Arrested for Role in $722 Million Bitcoin Scam

A Camarillo man was one of three people arrested Tuesday in connection with a cryptocurrency mining scheme that allegedly defrauded investors out of $722 million.

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