SFV FINANCE
New CEO at Los Angeles Federal Credit Union
Richard Lie is the new president and chief executive of Los Angeles Federal Credit Union, the organization’s board announced Monday.
PennyMac Adds Insider to Board
PennyMac Financial Services Inc. has named Anne McCallion, the company’s chief enterprise operations officer, to its board of directors, the company announced Tuesday.
Raymond James Names Former Disney, MGA Exec to Board
Former Walt Disney Co. executive Anne Gates will join the board of directors of Raymond James Financial, Inc., the financial services firm announced Friday.
B. Riley Names Head of Wealth Management Strategy
B. Riley Financial Inc. has named Chuck Hastings as director of wealth management strategic initiatives, the company announced Friday.
Community Bank Acquired for $878 Million
Ontario-based CVB Financial Corp. has agreed to buy Pasadena-based Community Bank for $878 million in cash and stock, the two bank institutions announced Monday.
B. Riley Hires Institutional Investment Head
B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has hired Daniel Leland as head of Fixed Income Capital Markets, the company announced Thursday.
Jobs Forecast Predicts Modest Growth
Los Angeles County is expected to add about 48,000 jobs this year and 34,000 next year, making for a modest growth rate of around 1 percent, according to a forecast to be released Feb. 21 by the Los Angeles County Economic Development Corp.
Job Fair for Veterans Attracts Hundreds
On Thursday, the Valley Economic Alliance hosted its 11th Annual Hero Hired Veteran Job and Resource Fair, a vocational event aimed at encouraging Valley-area employers to hire military veterans.
BlackLine Exceeds Expectations in Q4
BlackLine Inc. beat Wall Street estimates on adjusted earnings and revenue in the fourth quarter.
Pepperdine, Venture Alliance Launch 'Fundable' Startup List
The Pepperdine Graziadio School of Business, in partnership with the Venture Alliance, is launching an initiative to better prepare startups for investment funding.
PennyMac Profits Soar in Q4
Shares of PennyMac Financial Services Inc. moved higher Friday, one day after the company reported fourth-quarter and full-year results.
B. Riley Raises Startup Capital for Infinity Bank
B. Riley FBR Inc. on Wednesday announced it acted as the sole placement agent for Infinity Bank in its $33 million equity capital raise. The transaction closed on Feb 1.
Mission Valley Bank Reports Strong Year
Mission Valley Bancorp reported net earnings of $3.55 million ($1.07 per share), the highest profits in the history of the Sun Valley bank.
Dow Drop Hurts Valley Companies
The Dow Jones Industrial Average experienced its largest ever one-day decline Monday, taking down Valley company stocks in the process.
B. Riley Runs $125 Million SPAC Offering
A subsidiary of B. Riley Financial Inc. in Woodland Hills has served as sole underwriter and book-running manager of a $125 million offering from Gordon Pointe Acquisition Corp., the company announced Thursday.