SFV FINANCE

Glendale Insurance Agent Charged With Fraud

A licensed insurance agent in Glendale was arrested and charged with grand theft and insurance fraud after allegedly acting as a licensed insurance agent to steal $10,000 from a trusting client, according to the California Department of Insurance.

Amgen Veterans Launch $320 Million Life Science Venture Fund

Westlake Village BioPartners has launched its first $320 million venture fund to invest in life science and biotech companies.

California Credit Union Honors Rookie Teachers

California Credit Union honored 18 first-year Los Angeles Unified School District teachers during a Los Angeles Sparks basketball game at Staples Center.

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Deluxe to Lay Off 46 Workers in Burbank

Deluxe Entertainment Services Group Inc. is laying off a total of 46 employees from two of its locations in Burbank.

Woodland Hills Insurance Brokerage Buys Stake in NoCal Agency

Liberty Co. Insurance Brokers in Woodland Hills has acquired a majority stake in Mitchell & Mitchell Insurance Agency, based in Novato.

Former Wells Fargo Exec Joins Union Bank

Patrick Nygren, the former top executive at Wells Fargo in the San Fernando Valley, has joined Union Bank as regional president for Los Angeles and the Central Coast, the financial institution announced Tuesday.

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L.A. County Unemployment on Hold at 4.5 Percent

L.A. County’s unemployment rate held steady at 4.5 percent in July even as seasonal job losses gripped the education sector, according to state figures released Friday.

Wells Fargo’s Top Valley Exec Leaves Bank

Patrick Nygren, the former regional president in the San Fernando Valley for Wells Fargo Bank, has left the company.

Former Deloitte Advisory CEO Joins BlackLine Board

BlackLine Inc. has named Owen Ryan to its board of directors effective this month to contribute his expertise on the company’s next phase of growth.

B. Riley Subsidiary Negotiates South Coast Acura Sale

GlassRatner, a subsidiary of B. Riley Financial Inc. in Woodland Hills, announced Thursday that it advised Coast Mesa car dealer Orange Coast Auto Group in its acquisition of Costa Mesa-based South Coast Acura.

Americas United Bank Acquired

The Bank of Southern California, based in San Diego, has completed its previously announced acquisition of Americas United Bank in Glendale.

Cherokee Stock Doubles After Refinancing

Shares of Cherokee Inc. shot up more than 100 percent Monday after the Sherman Oaks-based apparel licensing company announced it has refinanced its debt with a $40 million-dollar loan.

Earnings: Teledyne, BlackLine, Wesco

Teledyne Technologies, BlackLine and Wesco Aircraft all beat analyst expectations for the second quarter.

iPayment to Lay Off 30 in Westlake Village

Credit card payment services provider iPayment Holdings Inc. will lay off 30 employees from its Westlake Village headquarters in September, according to the company and the state Employment Development Department.

Stars of the Valley Award Honorees Announced

Former Los Angeles Laker superstar Derek Fisher, Maria’s Italian Kitchen founder Madelyn Alfano and the autism-animation nonprofit Exceptional Minds are among the honorees at the 21st annual 2018 Stars of the Valley Awards in September.